Monk Media Network, a Mumbai-based digital marketing startup has acquired SocialGIZ, a social media and website development agency for a confidential sum, reported by YourStory.
Monk Media has absorbed SocialGIZ’s entire team of 10, as well as its services that pan social media, website development, and media planning.
Founded in 2016, Monk Media Network offers a bouquet of services panning across content creation, media strategy, deep analytics and social media video production.
Whereas, started by Ameya Adhikari in 2015, SocialGIZ builts campaigns and website for clients across sectors.
“The team at SocialGIZ has been doing some great work. Ameya coming on board is a huge plus as every startup needs robust financial systems to scale,” Ashish Patkar, founder and CEO of Monk Media Network said.
“I am really excited to be a part of Monk Media Network and their team. We are looking forward to a great future and hope to do some kick-ass work for all of our clients,” Ameya said.
Post acquisition, Ameya will join Monk Media Network as a member of the board and hold the designation of Vice President Finance.
Adding on, some of the top digital marketing startups constitutes WatConsult, FoxyMoron, Gozoop, EveryMedia, Social Wavelength, Phonethics,etc.