GroupM is acquiring a majority stake of The Glitch, a digital creative agency in India
GroupM has agreed to acquire a majority stake in The Glitch, a digital creative agency in India, WPP announced yesterday.
The Glitch was founded in 2009 and employs around 200 people in Mumbai and Delhi. The Glitch’s full-service capabilities include digital, video and content strategy, interactive design technology, ecommerce, branding and media planning. Clients include Unilever, Netflix, OYO Rooms, Shutterstock, Tinder and others in the entertainment, beauty and FMCG sectors.
According to WPP, the Glitch’s revenues for the year ending 31 March 2017 were around INR 214 million with gross assets of around INR 175 million as at the same date.