TV18 Group Plans Rs 50-Crore Media Venture Fund
Fri, 08/18/2006 - 16:41 — Sahad P VLeading Indian media group TV18 is planning a Rs 50 crore ($11 million) venture fund to invest in Indian media startups - essentially in the triple play area. The company has informed Bombay Stock Exchange that it's seeking to form Media Venture Capital Trust that will invest in early stage ventures in the media space.
The company had recently acquired a Mumbai online ad agency Urban Eye. It has also funded Yatra Online, a travel portal, besides picking up 50 per cent stake in Jobstreet India, the jobs portal.
ContentSutra has details.
