Born in 1999. Started flapping wings in 2008. Came into its own in 2012. What’s next?
Times Internet is poised at an inflection point of growth. It wants to become a third internet pillar after Google and Facebook
It wants to raise between $150-200 million to do so
It’s doubling down on a video strategy across all brands
And plans to launch a subscription-based “Prime” offering
Times Internet, the nearly Rs 1,000 crore (~$155 million) digital subsidiary of the Times Group, the Rs 10,000 crore (~$1.55 billion) giant that is India’s largest media company, has ambitions.
For the past six months, it has been in the market to actively raise venture funding to increase its scale as well as reduce its dependence on its parent. Informal and early conversations with a few investors that started last year are learnt to have morphed this year into a clear mandate given to Raine, a globally respected investment bank that specialises in technology and media clients. According to…
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