The FT is buying another media startup: Deal Street Asia
Companies, agencies, institutions, etc
The Next Web
the Financial Times
Singapore Press Holdings
Paytm
the Singapore Angel Network
Hindustan Times
Mint
TechCrunch
Nikkei’s
Deal Street Asia
DBS
Allianz
IFC.The
Asia PE-VC Summit
AlphaGrid
GIS Planning
People
Joji Thomas Philip
Sushobhan Mukherjee
Vijay Shekhar Sharma
Pearson
Groups
Indian
Japanese
Physical locations
Europe
Deal Street Asia
Southeast Asia
Places
SeptemberDeal Street Asia’s
Locations
Singapore
India
Alibaba
SeptemberThis
Longitude
Events
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Summary
Its investors include Singapore Press Holdings, Vijay Shekhar Sharma, the founder of Alibaba-backed Paytm, the Singapore Angel Network and Hindustan Times, the Indian media firm that operates Mint, which is a Deal Street Asia content partner.The company never disclosed its total fundraising, although TechCrunch wrote about an undisclosed round that closed in late 2015.The deal is led by Nikkei, the Japanese parent of the FT, which has agreed to buy at least one-third of Deal Street Asia, one source told TechCrunch, but the total stake could reach 51 percent (as was the case with The Next Web) depending on which investors decide to sell.
As said here by Jon Russell