News Corp on acquisition spree in India has acquired VC Circle Network. This is the second acquisition by News Corp in past few months after acquiring 25% stake in PropTiger.com.
VC Circle Network is one of the best information providers of private equity, venture capital and M&A related information and analysis of the Indian investment environment. The company tracks on all the information about venture capital, M&A, private equity placements, investment banking, and emerging companies.
VC Circle Network consists several online portals such as VCCircle.com, Techcircle.in, VCC Edge, VCCircle Training and VCCircle Conferences. Each of these portals has created their own identity in the online space.
VC Circle Network is owned by Noida based Mosaic Media Ventures P Ltd. The company will remain as an independent entity affiliated to News Corp. The company has effective employee strength around 100 people and may increase employee strength after completion of formalities of acquisition in next few months.
Meanwhile for News Corp this is third investment in India, they had earlier invested in start up firm BigDecisions.com and PropTiger.com. News Corp plans to make bundling of VC Circle Network into their products under Dow Jones umbrella. Apart from Dow Jones News Corp owns Wall Street Journal and Harper Collins Publishing under their belt.
News Corp deals of VC Circle further proves that the group’s growing interest in India’s digital landscape. “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 News Corp CEO Robert Thomson. He further added “India is an increasingly meaningful part of our portfolio, which is itself increasingly digital and global.”
“For the past decade, we have built a strong franchise with proprietary data, information, content and networking capabilities around India’s digital business world, “ said P V Sahad, Founder and Chief Executive Officer of VCCircle Network. “Being a part of News Corp will now allow us to accelerate our already aggressive growth plans.” He further added.