Investments

MUMBAI:  Esports media platform TalkEsport announced Wednesday the successful closure of its pre-series A funding round, securing an investment of $1 million from Saswat Ventures. 

The investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Apr 02, 2020 14:04
LONDON: Aston Martin’s return to Formula 1 is confirmed. The 2021 season will see the iconic British marque return to the grid as a works F1 team, continuing to operate from its base in Silverstone.
Mar 26, 2020 19:03
BEIJING: Wanda Sports Group Company Limited Thursday announced that it has entered into a definitive stock purchase agreement with Advance Publications Inc., owner of media company Conde Nast, to sell The IRONMAN Group in an all cash transaction at an enterprise value of $730 million (subject to customary purchase price adjustments).
Mar 25, 2020 19:03
MUMBAI: Social media giant Facebook is reportedly looking at picking up a 10% stake in Reliance Jio Mukesh Ambani's Reliance Jio in a deal that would be worth ‘multi-billion’ dollars, reports Financial Times.
Mar 19, 2020 17:03
AHMEDABAD: Former India cricket opening batsman Virender Sehwag on Tuesday launched his first VS Store, a retail outlet for high-performance sportswear products, here. VS Store is wholly owned subsidiary of Viru Retail Pvt Ltd, which is a joint venture between Sehwag's World of Viru Pvt Ltd and Stitched Textiles Pvt Ltd.
Mar 18, 2020 17:03
MUMBAI: Khatabook, a business app that helps MSMEs streamline business transactions online, on Tuesday announced a strategic partnership with former India captain MS Dhoni. The World Cup winning skipper will not only invest in Khatabook but also become its brand ambassador, a statement said.
Mar 12, 2020 14:03
NEW Delhi: ESP Properties - the entertainment and sports division of GroupM India - has released the 2020 report on sports sponsorship in India. Overall growth in sports sponsorship was at a healthy 17%, where the sports sponsorship industry crossed the Rs 90 billion mark in 2019.
Mar 09, 2020 18:03
MUMBAI: The 2020 edition of FICCI Frames, the annual media and entertainment event organized in India's commercial capital by the Federation of Indian Chambers of Commerce and Industry, has been postponed until further notice in view of the public health concerns over coronavirus (COVID-19) and the recent advisory of the Ministry of Health & Family Welfare, which has recommended to avoid mass gatherings.
Mar 05, 2020 16:03
SINGAPORE: Sports rights costs across 11 Asia Pacific markets grew 2.4% in 2019 to reach $5.5 billion in aggregate while sports revenues across TV and online video increased 7.8% in 2019 to reach $5.2 billion in total, according to a new report published Thursday by Media Partners Asia (MPA). 
Feb 29, 2020 17:02
MUMBAI: Flickstree, an artificial intelligence-powered video publisher network, has raised $3 million in a Series A round led by Samsung Venture Investment.  LionRock Capital, Accretio Investments, Venture Catalysts, angel investor LD Sharma and SOSV were among the others who also participated in the round, entrepreneur.com reports.
Feb 28, 2020 18:02
NEW YORK: Ten-odd months after USA Cricket announced a commercial rights agreement with American Cricket Enterprises (ACE) - a special purpose entity that lists Times of India and Willow TV (itself owned by Times Internet) as its promoters - with $ 1 billion committed to growing a Twenty20 league in US, "Phase 1" of the project has been unveiled.