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LOGICSERVE DIGITAL FUNDING
LS Digital's FY23 revenue jumps 35% to Rs 695 crore
Digital marketing firm LS Digital, formerly Logicserve Digital, saw a 35% revenue increase to Rs 695 crore in FY23 due to market growth, new business wins, and strategic expansion. Expenses surged 32% to Rs 669 crore, with advertising costs at Rs 598 crore. Net profit tripled to Rs 18.4 crore. LS Digital focuses on media, UI/UX, creative and communication, data and analytics, CX, and technology. Acquisitions have boosted capabilities.
Digital marketing startup Logicserve raises Rs 80 crore in funding from Florintree Advisors
The company is planning to raise Rs 200 crore in a series B round in the next 4 months; has acquired controlling stake in digital agency Langoor.
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