Exclusive: Sourav Ganguly eyeing stake in IPL team

February 28, 2017 | Debjyoti Roy

Former Indian cricket captain and Cricket Association of Bengal President Sourav Ganguly is planning to pick up a stake in an Indian Premier League (IPL) franchise, a person privy to the development told VCCircle.

Blackstone-backed Jagran Prakashan’s radio arm eyes $285 mn valuation in IPO

February 27, 2017 | Ankit Doshi

Music Broadcast Ltd (MBL), the radio unit of Blackstone-backed media house Jagran Prakashan Ltd, is seeking a valuation of nearly Rs 1,900 crore ($285 million) through an initial public offering that begins next week.

Blackstone-backed Jagran Prakashan’s radio arm to launch $75 mn IPO

February 24, 2017 | Ankit Doshi

Media house Jagran Prakashan Ltd said, on Friday, its FM radio unit Music Broadcast Ltd (MBL) will launch an initial public offering (IPO) on 6 March. The three-day offering will close on 8 March, the company said in a stock exchange filing.

Ekta Kapoor-promoted Balaji Telefilms hires Star India exec as legal head

February 09, 2017 | Maulik Vyas

Television czarina Ekta Kapoor-promoted Balaji Telefilms Ltd has hired Som Bathla from Star India Pvt. Ltd to lead the company’s legal operations, a person familiar with the development said.

PE firm among five bidders for SRS Cinemas

January 25, 2017 | Bruhadeeswaran R

Diversified consumer services firm SRS Ltd has received preliminary bids from five suitors to buy its multiplex business, including one private equity firm and the top four players in the cinema exhibition space, two persons directly privy to the development told VCCircle.

Warburg Pincus invests $120 mn in PVR; Multiples PE partially exits

January 18, 2017 | TEAM VCC

Private equity firm Warburg Pincus said on Wednesday its affiliates have acquired a 14% stake in PVR Ltd, India’s largest multiplex chain, for about Rs 820 crore ($120.4 million).

Hathway reverses plan to hive off broadband unit, to demerge cable biz instead

January 13, 2017 | Ranjani Raghavan

Hathway Cable and Datacom Ltd has scrapped its plan to hive off its broadband business into a subsidiary. Instead, the firm has decided to separate its cable television business, merging it into the company’s wholly owned subsidiary—Hathway Datacom Central Pvt.

SRS Group puts multiplex business on the block

January 06, 2017 | Debjyoti Roy

Diversified consumer services firm SRS Ltd has decided to put its multiplex business on the block to trim debt and has appointed a banker to scout for potential buyers, according to a media report.

Cable operator GTPL Hathway files for IPO

January 03, 2017 | Ankit Doshi

GTPL Hathway Pvt. Ltd, which counts top Indian cable operator by revenue Hathway Cable & Datacom Ltd as a key shareholder, has filed a draft prospectus with the capital markets regulator Securities and Exchange Board of India for an initial public offering (IPO).

Exclusive: Bike-taxi startup Getbike secures $100K in angel round

December 21, 2016 | Dearton Thomas Hector

Hyderabad-based Vave Infosolutions India Pvt. Ltd, which runs motorcycle-sharing startup Getbike, has raised $100,000 (around Rs 68 lakh) in angel funding from a group of investors, a top executive told Techcircle.

Publishing house S Chand files documents for IPO; Everstone to partially exit

December 19, 2016 | TEAM VCC

Education-focused publishing house S Chand & Company Ltd has filed it draft red herring prospectus (DRHP) with capital market regulator SEBI to float its initial public offering (IPO).

ScoopWhoop buys Blume Ventures-backed Touchfone

December 19, 2016 | Priya Singh

Media startup ScoopWhoop has acquired video delivery and ad targeting startup Touchfone Technologies for an undisclosed amount in a cash-and-stock deal.

Sweden’s Starbreeze acquires Dhruva Interactive for $8.5 mn

December 16, 2016 | Arti Singh

Swedish game developer Starbreeze AB has acquired 90.5% stake in Indian art production and game development company Dhruva Interactive for $8.5 million (nearly Rs 57.6 crore).

Exclusive: Samara Capital puts stake in financial content firm Cogencis on the block

December 16, 2016 | Bruhadeeswaran R

Private equity firm Samara Capital has started the process of exiting its four-year-old investment in the media space even as the fund plans to exhaust the remaining corpus of the second fund over the next year, two persons close to the development told VCCircle.

StanChart PE’s Udai Dhawan joins Prime Focus board

December 15, 2016 | Debjyoti Roy

Mumbai-based visual entertainment services firm Prime Focus Ltd has appointed Udai Dhawan as nominee director for Standard Chartered Private Equity (StanChart PE).

Sequoia Capital backs digital entertainment firm Pocket Aces

December 15, 2016 | Dearton Thomas Hector

Mumbai-based Pocket Aces Pictures Pvt Ltd, which runs digital entertainment startup Pocket Aces, has raised $3 million (Rs 20 crore) in a round of funding led by venture capital firm Sequoia Capital India, the company announced on Thursday.

How much returns ad-for-equity investor HT Media will generate from Koovs exit

December 15, 2016 | Dearton Thomas Hector

Delhi-based HT Media Limited is planning a partial or full stake sale of its investment in UK-based Koovs Plc, the parent company of Indian lifestyle online commerce venture, to book profits. 

Make emotional connect with consumers to boost loyalty, say panellists at VCCircle summit

December 15, 2016 | Priya Prasad

Human connection, love for the brand and an emotional connect with the consumer are some of the major drivers of loyalty programmes, said panellists at the VCCircle India Loyalty Conclave 2016.

News Corp VCCircle to launch new offering Infracircle on December 15

December 14, 2016 | TEAM VCC

News Corp VCCircle, a leading financial data, news and information services group that runs news websites and and financial data platform VCCEdge, is launching a new platform called Infracircle.

Exclusive: Emerald Media, PremjiInvest set to back Amagi Media with Series D funding

December 10, 2016 | Deepti Chaudhary

Amagi Media Labs Pvt. Ltd, India’s leading targeted-TV advertisement solutions firm, is in advanced talks with KKR-backed investment firm Emerald Media and existing investor PremjiInvest to raise Rs 240-250 crore ($36 million), according to two people close to the development.