Japan’s Geniee acquires AdPushup-operator Zelto for $70 million
Japanese marketing tech firm Geniee, part of the SoftBank Group, has paid about $70 million in cash to acquire the revenue optimization platform Zelto (formerly known as AdPushup), a person familiar with the matter said, delivering 40 times return to a number of angel investors in the startup that began its journey in India. The acquisition is a remarkable turnaround for Zelto, the 10-year-old…
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