Media conglomerate News Corp is acquiring VCCircle Network, which includes web properties VCCircle, Techcircle, subscription based VCCEdge, VCCircle Training and its conference business.
The company did not disclose size of the deal but said that it’s expected to close in March.
News Corp Chief Executive Robert Thomson said
This significant investment is a sign of our faith in India’s future and our enthusiasm for working with and building up emerging talents in the country,” said . “India is an increasingly meaningful part of our portfolio, which is itself increasingly digital and global.
Noida based VCCircle was founded by Sahad PV and has about 100 employees. Sahad will report to Raju Narisetti, News Corp Senior Vice President, Strategy.
In November, News Corp acquired a 25% stake in PropTiger.com, India’s leading online residential real estate platform. In December, News Corp acquired BigDecisions.com, which aims to help Indian consumers make smarter financial decisions through interactive, decision-making tools powered by sophisticated algorithms and data. News Corp also runs Dow Jones, Wall Street Journal and HarperCollins Publishers.
Nikhil of Medianama had an interesting take on Vccircle’s business. Read it here.
Indian media has seen a fair bit of action last year. Nearly half a dozen new media startups in India raised funding and some media veterans like Raghav Bahl and Shekhar Gupta have started new ventures. Recently, television anchor Barkha Dutt also said that she is trying to “push the envelope in the non-TV space“.