Television

NDTV inks deals with multiple potential investors for e-commerce ventures

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/06/10/sdfrsd_1.jpg?itok=v3-m_WaC

MUMBAI: The Prannoy Roy led New Delhi Television Ltd (NDTV) has signed preliminary deals with certain potential investors for its e-commerce ventures in the fields of food, auto, and gadgets.

In the auto sector, portals like CarDekho.com, CarWale.com, CabKhabri.com and Gaadi.com amongst others operate in the Indian market. In the food sector too, portals for pre-cooked and uncooked food like travelkhana.com,merafoodchoice.com, Getlunchin.com and biryani360.com have mushroomed recently. On the other hand, portals specifically selling gadgets are far and few.

An established player in the news content business, NDTV has ample online content around these segments in NDTV Gadgets (gadgets.ndtv.com), NDTV Food (food.ndtv.com) and NDTV Auto (auto.ndtv.com). NDTV’s e-commerce ventures in these specific areas will only stand to benefit from the backing it will receive from the network.

While the company has signed term sheets with potential investors in the food, auto and gadgets sectors, along with its subsidiary company NDTV Convergence, it did not divulge names of the companies that the deals have been signed with.

It may be recalled that in March this year, NDTV's board had given in principle approval for setting up of online ventures including digital transactions.

In a filing on the Bombay Stock Exchange, NDTV said, “The term sheets are non-binding and are subject to the parties agreeing upon and executing the definitive agreements, which will include detailed terms and conditions in relation to the proposed transactions.”

The company said that the proposed transactions would be subject to various conditions precedent to be specified in the definitive agreements, including due diligence, receipt of requisite corporate authorizations, approvals and regulatory approvals.

On the e-commerce front, NDTV through its subsidiary NDTV Ethnic Retail already operates Indianroots, which sells ethnic wear from various Indian designers. The venture recently also raised $5 million in funding from the Mumbai-based KJS Group.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/28/img_28012022_160525_800_x_800_pixel.jpg?itok=XcmbjCCl
BBC Studios strengthens digital news team with new appointments

Mumbai: BBC Studios has announced a number of new roles aimed at further bolstering its digital news team. As a part of this expansion, News Corp SVP and global head of product Jennie Baird is brought on board to a newly created position of EVP and MD of digital news and streaming. 

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/28/voot.jpg?itok=RLt4Jl3z
VooT Kids brings new animation series ‘Blazing Team’ to India

Mumbai: The new high-octane superhero series "Blazing Team: Masters of Yo Kwon Do" went live on Voot Kids with 20 new episodes in English and Hindi, and a ‘watch and win’ contest on 26 January. The boy-skewed animation offering for pre-teen audiences, produced by China-based Alpha Group and...

Television TV Channels Kids
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/visnory-award.jpg?itok=ECBFNIbQ
Governance Now to honour achievers with Visionary Awards 2021

Governance Now, a platform for analysis of public policy and governance from the house of Sri Adhikari Brothers is all set to present Visionary Awards of 2021 in a virtual webinar to be held on 29 January.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/28/asianet.jpg?itok=J_A4h3iG
Asianet News rolls out employee stock ownership plan

Mumbai: Asianet News Media and Entertainment has rolled out an employee stock ownership plan (ESOP). The stock option plan will be extended to Asianet’s long-term employees as well as new team members who have displayed exceptional performance, said the statement.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/img_27012022_182523_800_x_800_pixel.jpg?itok=mzAnQ8Jt
HT forays into web 3.0 with NFTs documenting 100 years of Indian history

Mumbai: Hindustan Times has announced its foray into web 3.0 with the launch of Non-Fungible Tokens (NFTs) under the banner of 'HT Timeless Tokens,' which will document India's 100-year-old history as digital art. HT Timeless Tokens will include digitised versions of original historic creatives...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/img_27012022_175731_800_x_800_pixel.jpg?itok=ovz7rEQq
Colors to telecast new fiction show ‘Fanaa: Ishq Mein Marjawaan’

Mumbai: Colors has announced its first fiction offering of 2022 called "Fanaa: Ishq Mein Marjawaan." The show will premiere on 31 January at 10:30 p.m.   Produced by Dipti Kalwani and Karishma Jain, the show features actors Reem Sameer Shaikh, Zain Imam, and Akshit Sukhija.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/img_27012022_175610_800_x_800_pixel.jpg?itok=TWOIFouT
Zee Zest announces new show ‘Safari India’ starting on 31 January

Mumbai: Zee Zest has announced a new show "Safari India" with actor Rannvijay Singha. The show premieres on 31 January on Zee Zest SD and HD channels along with ZeeZest.com. The eight-part series explores some of India’s prominent National Parks to let viewers experience India’s rich biodiversity...

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/img_27012022_173535_800_x_800_pixel.jpg?itok=fszNlX3x
News18 UP/Uttarakhand launches elections-special show ‘Shehar Shehar Chunavi Safar’

Mumbai: News18 Uttar Pradesh/Uttarakhand has kick-started an array of disruptive shows under the umbrella programming of 'Mahasangram 2022.' In order to level up the political battle in the poll-bound states and present to the viewers updates from ground zero, the channel has launched a news...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/01/27/img_27012022_164856_800_x_800_pixel.jpg?itok=bdWUEZP4
Times Now Navbharat to air docu-series ‘Kahani Navbharat Ki’

Mumbai: Times Now Navbharat has announced a documentary series "Kahani Navbharat Ki," which chronicles the stories of India’s 75 years. The series will air from 30 January every Sunday at 8 p.m on Times Now Navbharat SD and HD channels.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required