MoMAGIC Technologies acquire 49% stake in Spice Mobility

MoMAGIC logo


MoMAGIC Technologies acquires Spice Mobility’s entire equity stake of 49% in AdGyde Solutions Pvt. Ltd., as part of its long-term strategy of transitioning into a robust digital marketing (mobile) solutions provider with technological edge, in South East Asia region.

AdGyde is a Mobile Apps Analytics Platform Solution, launched in the year 2017, as a joint venture between Spice Digital Limited (subsidiary of Spice Mobility) and MoMAGIC Technologies.

AdGyde, is Indian startup with robust, real-time, accurate and transparent app attribution tracking and analytics tool, in an easy to integrate SDK, that monitors and reports analytical data about app installs and in-app user behavior that helps app marketers, re-work their digital outreach strategy. AdGyde, recently, strengthened its offering for Gaming companies, by developing the AdGyde Unity SDK – analytics for Gaming Industry.

“MoMAGIC is expanding at an aggressive pace in the Digital Ad Tech sector and the integration of AdGyde into MoMAGIC, is part of our strategy to offer not only AI and Big Data driven mobile marketing services in the Ad Tech space but also provide the inter -linked solutions sought by brand heads and marketers such as monitoring, reviewing and detecting of fraud traffic and inventory,” Arun Gupta, Founder & CEO, MoMAGIC Technologies.

MoMAGIC will fully absorb AdGyde within its business operations. Financial details of the deal, not disclosed.

“This is in line with Spice reviewing their investment portfolios on an ongoing basis to see fitment to their future businesses and accordingly taken a call to exit,” Spice Mobility spokesperson said.

Within a year of its launch, AdGyde has:

● Approx. 3.10 Crores (~ 31 million) total Unique Users

● Monthly New Unique Users at 50 Lakhs (~5 million)

Aiming to touch 10 Crores (~ 100 million) total Unique Users by end of 2019.

The Noida-based startup, competes with companies such as: Appsflyer, Adjust, Branch Tune MAT, Mixpanel, Apsalar, Google Firebase, Flurry, Clevertap, Localytics etc.

It already has several big clients of the likes of Nazara Games, Media groups such as Dainik Bhaskar, ABP Live News and exciting Start-ups like Hubhopper, ShoppingPost, Coutloot, Credit Mantri, DocOnline etc. in its kitty.

About MoMAGIC Technologies

MoMAGIC Technologies Pvt. Ltd., founded in the year 2011 is a fast-paced, innovative, AI and Big data driven mobile tech organization, with dominance in South East Asia. With 126+ Million UNIQUE USERS; reaching every 3rd Mobile USER, MoMAGIC offers comprehensive USER Acquisition channels.

Latika Bhargava
Latika Bhargava successfully manages the dual responsibility of news and website management at Newsbarons. Latika prides herself at her expertise on social media planning and management. An entrepreneur at heart, Latika is a quick learner, analytical and enjoys reading on technology innovation.