As you have been watching, Indian television space has been one of the hottest sectors for investment in the Indian media business. Although there are too many channels and a consolidation is just a matter of time, that is not stopping investors from trooping in. The latest company to get foreign investment is Hindi news network India TV (promoted by Rajat Sharma). The company received foreign investment of $11.5 million (Rs 50.96 crore) from FUSE+Media, an affiliate of venture fund ComVentures, according to a report in Exchange4Media.com.
FUSE+Media will get 19.17 per cent for the investment. The CEO and MD of Fuse+Media is Keyur Patel, who is also a partner at ComVentures.
Interestingly, ComVentures also recently invested in NDTV Networks, the UK subsidiary of NDTV Ltd.
Recently, Sameer Gehlaut of broking firm Indiabulls invested $5.5 million in B.A.G Films for their TV network ventures. Inx Media of Peter Mukerjea has also raised about $300 million from investors like Temasek Holdings, New Vernon Private Equity and New Silk Route Partners.
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