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Media Conglomerate News Corp Acquires Tech Media Startup VCCircle Network

Media Conglomerate News Corp Acquires Tech Media Startup VCCircle Network

Media conglomerate News Corp has announced that it has entered into an agreement to acquire the VCCircle Network, which includes,, VCCEdge, VCCircle Training, in addition to a premium-content driven conference business VCCircle Conferences.

The deal is expected to close in March, however, the financial terms of the deal have been left undisclosed by the company.

VCCircle was founded in 2005 by Sahad P.V. Post acquisitions Sahad, and the management group, will become part of News Corp’s India team. Sahad will report to News Corp Senior Vice President, Strategy, Raju Narisetti.

Previously, in November, News Corp had acquired a 25% stake in Elara Technologies, which owns the Indian real estate website, Later in December, it had acquired Mumbai based FinDirect Services Pvt Ltd, the company behind financial planning startup News Corp also has a presence across India through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses.

“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 Chief Executive Robert Thomson. “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 CEO of VCCircle Network. “Being a part of News Corp will now allow us to accelerate our already aggressive growth plans.”

Owned by Mosaic Media Ventures Pvt Ltd VCCircle network has about 100 employees across India, with its headquarters in Noida.

This acquisition comes in at a time when a number of Indian new media startups have managed to raise capital, these include:

Not only this, but this segment has also seen entry of various media biggies including Raghav Bahl founder of Network 18 who launched Quintillion Media, and Shekhar Gupta who was the editor-in-chief of The Indian Express announced the launch of a digital media company under his venture, Mediascape Pvt. Ltd.

All these developments, further validates the fact that there is a lot of space for Indian new media startups for growth, as finally the startups in this space have started getting investor attention. Though internationally number of new media businesses have raised funding and have even got acquired.


CompanyTotal Funding (Mn)Valuation (Mn)Founded In (Year)Sold In (Year)Acquisition (Mn)Acquired By
BuzzFeed96.38502008 – – –
Vox Media61200+2003 – – –
Pando Daily4.7 –2012 – – –
The Next Web1 –2008 – – –
ZDNet –199120001400CNET
CNET9.9 –199320081800CBS
VentureBeat2.9 –2006 – – –
TechCrunch –2005201030AOL
Mashable14100+2005 – – –
GigaOm22.3 –2006 – – –
TechInAsia10-16 –2010 – – –
BusinessInsider30.6100+2007 – – –
Huffington Post37 –20052011315AOL
Vice Media8014002006 – – –
Washington Post –19472013250Jeff Bezos
e270.6 –2006 – – –
First Look Media50 –2012 – – –
Bleacher Report40.5 –20072012175Turner Media