Ad-tech company Affle rides the pandemic, but is a 100x valuation justified?

Anuj Khanna Sohum, CEO and managing director, Affle; Credit: Courtesy of Affle


The viral outbreak slashed promoting expenditures throughout the globe but boosted the digital advert gross sales. Benefitting from the shift, the Affle inventory jumped over 4x its concern value in simply a yr, and it boasts of a USD1.3 billion market cap. While ad-tech corporations do seem poised for progress going forward, a three-digit valuation nonetheless appears stretched.

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