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Reliance Industries Acquires 25% Stake In Balaji Telefilms

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Reliance Industries Acquires Balaji Telefilms,Reliance Industries Limited,Balaji Telefilms,Startup Stories,2017 Latest Business News,Mukesh Ambani,Balaji Telefilms Chairman Jeetendra Kapoor

Reliance Industries Limited (RIL) has reportedly invested Rs. 413 crores in Balaji Telefilms to buy a 25% stake in the Ekta Kapoor owned production company. The deal is structured such that 2.5 crores preferential shares of Balaji Telefilms will be issued to Reliance for Rs. 164 per share, subject to the approval from Balaji Telefilm’s shareholders and others.

Mukesh Ambani led Reliance Industries on Thursday announced that its board had approved the investment in Balaji Telefilms in a Bombay Stock Exchange (BSE) filing. Balaji Telefilms will use the proceeds from this transaction to compete with other over the top (OTT) content service providers and further speed up their content development initiatives, especially for their digital content platform, ALTBalaji.

RIL, in a press release, said this investment in content production, including digital content, is in line with their commitment to invest and grow in telecom, digital and media businesses. Reliance, with this stock purchase, will have access to use content generated by Balaji Telefilms for their telecom arm, Reliance Jio Infocomm Ltd.

Balaji Telefilms in April launched their ad free, subscription based online streaming service ALTBalaji, which has already garnered over 4 million downloads across 80 countries. Last month, they integrated with Reliance Payment Solution’s mobile wallet Jio Money to provide a smooth digital transaction experience to their subscribers.

Balaji Telefilms Chairman Jeetendra Kapoor said the investment was a vote of confidence to the company’s strategic move and welcomed RIL as a partner in their journey. Axis Capital acted as the sole investment banker for this transaction.

Reliance Industries acquired Network18 Media and Investments Ltd., in 2014 and ventured into the television and content business. This investment adds to their presence in the digital content ecosystem. Reliance Jio, which offers video on demand, Live TV and music stream services to their customers, has recently tied up with Hotstar as well. As ALTBalaji continues to increase their consumers base, the possibilities of this acquisition seem to be very promising.

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Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

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Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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