Sumit Gandhi and Manish Gandhi, promoters of Asian Business Exhibitions and Conferences (ABEC), on Thursday announced the acquisition of Delhi-based managed marketplace PosterGully in their individual capacity, a stakeholders' statement said here.
The size of the transaction has not been disclosed.
"With this acquisition, we are committed to a digital first approach across all our businesses," Manish Gandhi said announcing the acquisition.
Founded by Bharat Sethi, PosterGully enables artists and designers to seamlessly contribute and merchandise designs in a variety of products, such as home decor, furnishings, apparels and technology accessories to consumers globally.
--IANS
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