Innoserv and Kalzoom Advisors merge in an all equity deal; to double in size in a year


Mumbai/Pune/NewDelhi/Bengaluru, 14 June 2023InnoServGroup,a fast-growing integrated digital acceleration firm serving media, corporate, and academia, today announced the merger of Kalzoom AdvisorsPvt. Ltd., asubsidiaryof5FWorldLtd., members fit investor group, install equity deal. The expanded offering and vertical reach will lead to a doubling of seven ues in the next 12 months.

Commentingonthemerger,Dr.Ganesh Natarajan, the Chairman,5FWorld, said,” Then con solidation strategyof5F w0rld means divestingany busines1 42023s othert han the core advisory andinvesting indigital businesses and grow thfirmsinthet  echnology industry one hand anddivesting other businesses.Having beenonInnoserv’s advisory board for sometime, know them to be a forward-thinkingorganizationthatofferssubstantialvaluetoSMBs, corporates, media houses, and academic institutions. Look forward to actively participating in their continued growth.” Sharinghisperspective, Ramachandran Gopalakrishnan, Chairman, InnoServGroup, said,” The merger sawin-win for both organizations. While KalzoomAdvisorstremendouslybolstersInnoservgroup’sdigitalcapabilities, Kalzoomwillbenefit fromaccesstoawiderclientbase&capabilities.”

Added, Rahul Jain, Managing Director, Innoservgroup,” Inorganic growth is a key element of our global growth strategy and we are happy with the Kalzoom acquisition. We have already started work on building more tailored solutions now that they are on board. This acquisition is part of the clear strategic direction we have set forourselvesThegoalistoemerge as a formidable player in the Digital Marketing arena.”

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