Companies

News Corp-backed VCCircle’s founder Sahad resigns

Priyanka Pani Mumbai | Updated on January 20, 2018 Published on March 15, 2016




Sahad P V, founder of digital news platform VCCircle, has finally called it quits a year after the portal was acquired by News Corp, the media and publishing firm owned by Rupert Murdoch in March last year.

Sahad did respond to a query from BusinessLine on his next endeavour, “True I am moving on. Natural for a founder / entrepreneur to move one once the business is acquired. Our transaction happened a year ago so it is the right time for me to step down. A capable management is in place to take the company forward. I am yet to figure what I will do next.”

VCCircle is owned by Mosaic Media Ventures that remains an independent entity and is not impacted by the portal’s acquisition, however. Sahad owns Mosaic Media Ventures.

The media house has, meanwhile, appointed Archna Shukla, former senior editor at The Indian Express, as its new editor, and will be responsible for leading the portal as well as its events division. In December, News Corp appointed Nagaraj Nagabushanam as VCCircle’s Chief Product Officer.

The portal, which is being headed by Raju Narisetti, SVP at News Corp, was started by Sahad in 2005 as a blog, but eventually built it as a business as the start-up activity in India was just picking up. In just two years, what started as a blog turned into a platform for all VCs and entrepreneurs seeking information about the start-up community in India.

The company raised its first round in 2007 and started building the company and expanding into other segments such as events and seminars, a database called VCCEdge, TechCircle (for tech companies) and monetising it via subscription.

VCCirlce is a media platform that talks about private equity, venture capital, and M&A related information and analysis of the Indian investment ecosystem. It tracks M&A, venture capital, private equity, investment banking, and offers a subscription-based model for access to its high-end research reports in the sector.

Published on March 15, 2016
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