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RCB crowned kings as IPL brand value hits $18.5bn in record-breaking 2025 season

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MUMBAI: The Indian Premier League (IPL) juggernaut stormed into 2025 with record-breaking viewership, blockbuster auctions, and soaring brand valuations—cementing its status as one of the world’s most valuable sporting properties.

According to Houlihan Lokey’s latest IPL Valuation Study, the business value of the league has surged to a staggering $18.5 billion—up 12.9 per cent year on year: in rupee terms that tots up to Rs 156,568 crore -a 16.1 per cent growth. Its brand value alone clocked in at $3.9 billion, a 13.8 per cent jump while in rupee terms it grew 16.1 per cent again to Rs 32,721 crore.  The numbers reflect not only the league’s financial firepower but also its bulletproof commercial appeal amid global uncertainty.

Royal Challengers Bengaluru (RCB) finally shed their “chokers” tag after 17 seasons to lift their maiden IPL trophy, catapulting them to the No. 1 brand spot with a valuation of $269 million. Virat Kohli’s on-field heroics and Rajat Patidar’s captaincy delivered a fairytale finish that sent digital viewership through the roof—JioHotstar recorded a peak of 678 million views during the final, eclipsing even the India–Pakistan ICC clash earlier this year.

Mumbai Indians (MI) and Chennai Super Kings (CSK) retained their spots in the top three, with brand values of $242 million and $235 million, respectively. While MI impressed with eight wins and Hardik Pandya’s smooth takeover as captain, CSK’s season was defined by MS Dhoni’s calm return to the helm amid injuries and a rebuilding phase.

The 2025 season also saw record media rights revenues, a $300 million extension of Tata Group’s title sponsorship till 2028, and mega-bucks player signings—Rishabh Pant fetched a record $3.19 million at the auction.  The franchises spent a record 76 million (Rs 639.15 crore) on player acquisition. The BCCI sold four associate sponsor slots for Rs 1,485 crore, up 25 per cent from the previous cycle, while advertising revenues soared to an estimated $600 million—up 50 per cent YoY. The franchises spent a record 76 million (Rs 639.15 crore) on player acquisition. 

Franchisees continued to ride high on asset-light models and predictable revenue streams. Top teams clocked Rs 6,500–7,000 million in annual revenue with over 80 per cent visibility secured pre-season, aided by front-loaded sponsorships and tight salary caps. The league’s capital-light structure and OTT-driven audience growth make it a poster child for high-yield sports investments.

Meanwhile, Punjab Kings emerged as the fastest-growing brand in 2025, leaping to $141 million in value. With Shreyas Iyer as captain, and bold marketing campaigns like “Sarpanch Sahab” driving regional fandom, the franchise not only made it to the finals but also dominated digital chatter.

As cricket’s footprint grows beyond its traditional bastions—with the ICC Champions Trophy breaking global viewership records and the US hosting marquee events—the IPL remains the sport’s commercial and cultural vanguard. It’s no longer just a league; it’s a billion-dollar blueprint for the future of cricket.

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Netflix celebrates a decade in India with Shah Rukh Khan-narrated tribute film

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MUMBAI: Netflix is celebrating ten years in India with a slick anniversary film voiced by Shah Rukh Khan, a nostalgic sprint through a decade that rewired how the country watches stories. The campaign doubles as both tribute and reminder: streaming did not just enter Indian homes, it quietly rearranged them.

Roll back to 2016 and television still dictated schedules. Viewers waited weeks, sometimes months, for favourite films to appear on prime time. Family-friendly filters narrowed options further, and piracy often filled the gaps. Then Netflix arrived, softly but decisively, carrying a catalogue of international titles rarely seen in Indian theatres and placing them a click away. Old blockbusters and new releases suddenly coexisted on the same digital shelf.

The platform’s real inflection point came in 2018 with Sacred Games, a breakout series that refused to dilute India’s grit for global comfort. Audiences embraced its unvarnished tone, signalling readiness for stories that did not need box-office validation or censorship compromises. What followed was a steady procession of relatable narratives. Competitive-exam anxiety fuelled Kota Factory. College relationships unfolded in Mismatched. Everyday pressures, not grand spectacle, proved bankable.

Language barriers thinned as foreign series arrived with Hindi, Tamil and Telugu dubbing, expanding viewership beyond urban English-speaking pockets. Marketing mirrored the shift. For global releases such as Squid Game, Netflix leaned on regional creators and influencers to localise buzz and make international content feel native.

The library widened beyond fiction. Documentaries stepped out of festival circuits into living rooms. Stand-up comedians found scale. Established filmmakers, including Sanjay Leela Bhansali with Heeramandi, embraced the platform’s long-form canvas. Subscriber numbers swelled to 12.37 million in India, according to Demandsage, and behaviour followed suit. Late-night binges became routine. Friday release rituals loosened. Watch parties turned solitary screens into social events.

Economics demanded adjustment. Early subscription pricing carried a premium aura that deterred many households. Over time, Netflix recalibrated plans to align with Indian spending sensibilities, conceding that accessibility is as critical as content. To extend momentum around marquee titles, the platform also experimented with split-season releases, stretching anticipation and watch time.

The anniversary film, narrated by Shah Rukh Khan, captures the linguistic shift that mirrors the cultural one: from “Netflix pe kya dekha?” to “Netflix pe kya dekhein?” The question moved from recounting the past to planning the next binge. In ten years, Netflix morphed from foreign entrant to familiar fixture, exporting Indian stories abroad while importing global ones home. The remote no longer waits; it chooses, clicks and moves on. In the streaming age, patience is out, playlists are in, and the next episode is always one tap away.

 

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Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board

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Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.

Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.

The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.

Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.

The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.

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Meta appoints Anuvrat Rao as APAC head of commerce partnerships

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SINGAPORE: Anuvrat Rao has taken charge as APAC  head of commerce and signals partnerships at Meta, steering monetisation deals across Facebook, Instagram and WhatsApp from Singapore. The former Google executive, known for launching Google Assistant, PWAs, AMP and Firebase across Asia-Pacific, steps into the role after a high-growth stint as chief business officer at Locofy.ai.

At Locofy.ai, Rao helped convert a three-year free beta into a paid engine, clocking 1,000 subscribers and 15 enterprise clients within ten days of launch in September 2024. The low-code startup, backed by Accel and top tech founders, is famed for turning designs into production-ready code using proprietary large design models.

Before that, Rao founded generative AI venture 1Bstories, which was acquired by creative AI platform Laetro in mid-2024, where he briefly served as managing director for APAC. Alongside operating roles, he has been an active investor and advisor since 2020, backing startups such as BotMD, Muxy, Creator plus, Intellect, Sealed and CricFlex through a creator-economy-led thesis.

Rao spent over eight years at Google, holding senior partnership roles across search, assistant, chrome, web and YouTube in APAC, and earlier cut his teeth in strategy consulting at OC&C in London and investment finance at W. P. Carey in Europe and the US.

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