Reliance invests Rs 5 Cr in video media startup NEWJ

After Reliance Industries has acquired the 87.6% stake in the Fynd, which is a Mumbai based startup that connects brick and mortar retailers with the online consumers and stores, for the 2.95 billion INR, according to the report of co-founder of Fynd. Reliance Industries is on a drive the complete eco-system which is related to the technology to  give several advantage to the consumers to the customers with the help of a 5G technology. Previously, it acquired the controlling stakes in EasyGov, Haptik, Fynd, Embibe, Reverie technology, and recently into the NEWJ.

Now to expand to the next generation technology into the video media Reliance Industries Limited has invested INR five crore in the newly emerging world of Journalism, which is an early-stage startup that curates and produces video content for the device users.

Video content market has a massive opportunity for the innovative storytelling in India and this 20 month old startup has grabbed this opportunity by curating and producing for the digital and social platform – YouTube, Facebook, Twitter, WhatsApp, and Instagram.

In the month of November 2018, Reliance invested around INR 1.03 crore for an undisclosed stake. NEWJ was founded by the Deeksha and Shalabh, children of the Umesh Upadhyay, the president, and director media at the RIL.


Recent Articles

EVM India launches ‘En Series’ ultra-lightweight Power Banks for its Indian consumers

The all new innovatively designed 'EnAble' 'EnAble+'& EnCore power-packed Power Banks from EVM India New Delhi, 7th October 2019: EVM, India's fastest...

73% of software developers willing to invest Rs 10,000-20,000 per year for upskilling: TechGig survey

TechGig survey of 1,057 IT professionals reveals that most (73% IT professionals) willing to spend Rs 10,000-20,000 per year for upskilling Most...

With the spark of persistent learning, How Honey Thakkar is making easy for Startups/SMEs offline Businesses to go Online

With the spark of persistent learning, Honey Thakkar graduated with a bachelor’s degree in Computer Application from Somlalit Collage, Ahmedabad, Gujarat.

India Inc. predicts an uptick in hiring activities in the year 2020: TimesJobs survey

In a TimesJobs survey, about 25% of HR managers claim that management professionals will be hired most by MNCs in 2020  Demand for IT support,...

IBG announcing intention to improve relations and contacts with government authorities

In line with IBG(India Business Group) announcing intention to improve relations and contacts with government authorities, we have met Mayor of Mumbai...

Related Stories

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay on op - Ge the daily news in your inbox