Ratan Tata has made his first, large investment in the media business. Not from his personal wealth but his venture capital fund
Ashish K. Mishra
UC-RNT has invested Rs 9 crore in YourStory.
This is the first investment by UC-RNT in India. Peculiarly, in the media business.
Kalaari Capital also invested Rs 9 crore.
Post this investment, YourStory is valued at Rs 152 crore.
2016 was a terrible year for media globally. And 2017 might be even worse. Things haven’t been looking up in India. It’s only February and the Kolkata-headquartered ABP group is reported to have laid off anywhere between 300 to 700 employees.
But far away from Kolkata, in Bengaluru, there are silver linings.
Because YourStory Media Private Limited has raised a fairly respectable amount of funding from an even more respectable person – Ratan Naval Tata, former chairman of the Tata Group…
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