DB Infomedia Private Limited announced that it expects to receive INR 10.05 million in funding from D. B. Corp Limited.

DB Infomedia Pvt Ltd. announced that it has executed a share subscription agreement for a private placement of 1,000,000 compulsorily convertible debentures at INR 10 per debenture for proceeds of INR 10,000,000 and 5,000 common shares at INR 10 per share for proceeds of INR 50,000 for aggregate gross proceeds of INR 10,050,000 on April 16, 2015. The compulsorily convertible debentures will be issued to existing investor, D. B. Corp Limited and the shares will be issued to new investor, Varun Malhotra. The debentures and the shares will be issued at par.