Tag: private equity

  • “The first choice for those in sports is Sportel Monaco” – Sportel Monaco’s Loris Moneni

    “The first choice for those in sports is Sportel Monaco” – Sportel Monaco’s Loris Moneni

    Loris Moneni is content as punch. It is the last day of the 35th edition of Sportel Monaco and as the executive director of the sports media rights and technology confab, he has reason to be pleased. There has been a strong turnout of buyers, exhibitors, sports leaders, and government and federation representatives. Thousands of meetings between the various participants have laid the groundwork for deals running into hundreds of millions of euros, possibly even billions. The veteran of Monaco Mediax has spent nearly two decades at the event management firm, doing it all—from director of marketing communications at the TV festival to executive director of the Sportel Awards, finally rising to become executive director of Sportel Monaco.
    Indiantelevision.com sat down with Moneni in Monaco to discuss the highlights of Sportel Monaco and what lies ahead in the coming months and for the 2026 edition. Excerpts from the conversation:

    On the highlights of Sportel Monaco 2025
    From the organising side, it was the new layout. We put in place a new entrance and new layout just to make it feel different. The participants have been coming for many years with the old layout. For some of them, we have new spaces to use in this building. So it was interesting for us to propose something new. We noticed everyone had very busy days with lots of people coming together at the same time. Lots of meetings, lots of good conversation—it was really an interesting atmosphere with good energy.

    On the major trends discussed at the conference
    We had new big topics. We had a sharp focus on private equity and how they are viewing investment in sports tech and sports initiatives. This was a big masterclass panel in the conference programme. I think it was really interesting for everyone, and it was also new for us to welcome this kind of conference. It’s also important for us to have new buyers coming. That was the case this year, with new companies attending Sportel for the first time. We also had a good mix of buyers and sellers.

    On the number of exhibitors, attendees and buyers
    We had 2,000 participants coming from 70 different countries around the world. So it’s really important. We have 150 to 160 new companies attending this year compared to last year. At least 30 to 40 per cent of the attendees were buyers, which is good for the sellers of sports media rights.

    On Sportel’s leaning towards Europe and plans to make it truly global
    That’s not totally true. It’s not totally European; it’s becoming more global. We have the big professional leagues coming from the US—the NBA, the NFL, the NHL. The ATP, the WTA—they are all here. The World Cup hockey from Canada is here for the first time. They are exhibiting this year to promote their tentpole events. The ICC attended, despite not having a stand. So we have good representation from all over the world and from this continent.

    On the presence from Asia
    Annually, we have been having the same presence. I mean, we have new companies, which is good for us, but we are more or less about 10 per cent. We have about 60 per cent from Europe, then about 20 per cent from the Americas, and the remainder from other nations. We are encouraged by the presence from Asia—that’s why we are going to Singapore next March with Sportel Asia.

    On the presence from the technology side
    We have lots of people now talking about one of the other big topics—AI. So many players coming and talking about that. You probably see some of them exhibiting. We have lots of people coming from the AI side, and this is one of the most used technologies now in content production for sport.

    On the absence of blockchain companies this year
    You’re right, we don’t have many actors and players in blockchain this year at Sportel. There were discussions. I can’t really explain why, but it’s a fact.

    On the feedback for Sportel Singapore from European and American clients
    We have got very good response from our clients, who have expressed their sincere interest to go to Singapore—much more than the last time we did an Asian outing in Bali. Even though it’s just the beginning of the commercialisation of Sportel in Singapore, it’s pretty encouraging. We will have this larger presence from Asia, and the goal for us is to bring Europe and the US to the Asian market.

    On the percentage of renewals from existing clients for 2026
    We’ll give you more information in the coming months because they have until the end of this year to confirm their location. But usually the renewals are pretty good. We have more or less 60 to 70 per cent of people that renew every year.

    On what he sees developing in the sports, media rights and sports tech business in the coming year
    We can see now that we have new collaborations that didn’t exist in the past, and maybe some unusual collaborations happening in the world of sports broadcasting, media rights and technology. It’s nice because we see more and more competitors and companies popping up. Also, more and more sports events are taking place, and we can see new opportunities cropping up.

    On speculation about Sportel coming to India and whether it can be scaled up like the one in Monaco
    I can’t answer this question in the affirmative. But it is definitely a location, a place that we look forward to being present in—probably next year we can make it to India. Why India? Because it’s quite an underdeveloped sports market, and it’s a really huge market, as is the entire south Asian region. So it’s really interesting for us to be present there. I believe that there’s real interest to have Sportel there because it is a one-sport nation—cricket. The traditional sports that we have in Europe are not very popular in India; they have niche audiences.
    But I know that Indians are watching football, especially the Premier League. Hence, it would do well for the other big leagues in Europe to go there and promote themselves, to build their audiences and make their media rights valuable.
    We are not looking for the scale of Monaco in India. The format of Sportel abroad is different from the one in Monaco. In Monaco, you have 2,000 participants. When we go to Miami or Singapore, it’s more like 500 to 700 attendees and we don’t have a big exhibition; you don’t have as many stands. We have only 20 to 25 exhibitors, whereas in Monaco we have 75 to 80 exhibitors.

    On the rationale behind the pitching competitions and the start-up exhibition area
    It’s important for us to have these kinds of small companies or start-ups. They are looking forward to the big players seeing their products or services or the improvements they have made. The big players need them also, to get exposed to their innovations and new technology, as they are always looking to offer audiences at home and in stadia something new. So it’s really important for us to have this mix of traditional players that have been coming to Sportel for maybe 30 years, and the tyros which are just entering the market. With this mix, we have the entire sports and sports tech community together in one location.

    On the perception that large-format global exhibitions and confabs are on their way down, with exhibitors and attendees preferring to communicate digitally post-covid
    That may be true as a generalisation in turbulent times with mergers and acquisitions ballooning, companies going bust and tight cost controls being resorted to. However, it is not true in our case. The strength of Sportel is the “executives” and the “quality of people” coming to the event. More or less half of the attendees here are decision-makers. So they travel and have been doing so for many years. The current economic and geopolitical turmoil has not stopped them.
    If they have to choose one event in the sports and media rights business, all of them would choose Sportel Monaco. Of course, our attendee numbers dwindled just after covid, but it was the same for everybody. But what’s also true is that we bounced back quickly and we have had 2,000 participants from 2022, and the figures are the same in 2025. Our strength is that everyone involved in the sports ecosystem wants to be at Sportel Monaco.

    On the outlook for Sportel 2026
    We have lots of goals for next year. The first is to maintain our renewal targets of existing exhibitors for 2026. The second one is to attract newer exhibitors and companies to come and attend and exhibit. We already have many new big players and other newer companies who have expressed their intent to be present at Sportel Monaco 2026. We have to now convert those. Other goals that are a priority at this time would be to keep this kind of atmosphere and good energy that I was seeing at the beginning of this year’s Sportel. We know that the discussions between participants this year have been serious and they have made announcements. They were here to discuss business, strike deals and build relationships. After speaking to attendees, they have made it quite clear to me that the objectives they had set have been met. So it has been a successful Sportel 2025, and we would like 2026 to be the same, if not better.

  • SUGAR Cosmetics raises $50 mn funding led by L Catterton

    SUGAR Cosmetics raises $50 mn funding led by L Catterton

    Mumbai: Omnichannel beauty company, SUGAR Cosmetics, announced on Tuesday the close of its $50 million Series D fundraise led by the Asia fund of L Catterton, global consumer-focused private equity firm. The upsized round saw strong interest from multiple private equity funds with continued participation from existing investors – A91 Partners, Elevation Capital and India Quotient, the company said in a statement.

    Sharing the news on LinkedIn, SUGAR Cosmetics CEO Vineeta Singh wrote: Funding isn’t a milestone, but when it also coincides with the biggest month in sales for SUGAR Cosmetics, it’s time to express a ton of gratitude – for our crazy team, our passionate customers and of course the best set of investors ever!

    “Welcoming L Catterton the world’s largest consumer focused PE fund to our cap table along with A91 Partners, IndiaQuotient and Elevation Capital. Excited about having another feisty woman on the board, Anjana Sasidharan and can’t wait to build together the most loved beauty brand for young India,” she further added.

    The country’s beauty and personal care market has expanded considerably over the past five years, and is expected to reach approximately $21 billion in 2025. SUGAR stated that it has quadrupled its sales over the past five years, adding that it deploys new-age, impact-focused content marketing to develop lasting emotional connections.

    The cosmetics company said in a statement that its proliferation of online shopping and the creation of a robust local ecosystem of offline distribution partners has enabled it to attract customers from metros to Tier I and II cities. It added that the rising adoption of online shopping and greater product penetration in secondary cities are also driving the market’s enlargement.

    CEO Vineeta Singh said, “At SUGAR, we are devoted to creating innovative products that meticulously cater to the preferences of women with diverse skin tones and types who believe in expressing themselves with high-quality cosmetics and skincare products that complement their inner beauty. L Catterton shares our ethos of truly understanding what matters most to consumers, and my co-founder Kaushik and I are thrilled to welcome the firm as our partner,” further adding that the investor’s brand-building and value creation capabilities will fortify its growth.

    L Catterton Asia managing director Anjana Sasidharan said, “We have been impressed with how SUGAR has sustained its momentum of rapid growth across online and offline channels while maintaining healthy operating metrics… With a product-first mindset and deep understanding of their target consumers, SUGAR’s leadership team has established a strong position in India’s cosmetics market, which is at an exciting inflection point of expansion.”

    Known for being popular among Gen Z and millennials, the brand aims to further capitalise on its growth momentum in the rapidly growing beauty and personal care market. SUGAR Cosmetics has been scaling its physical presence with over 40,000 retail outlets across over 550 cities.

  • Yupp TV gets $50 mn funding from KKR-backed Emerald Media

    Yupp TV gets $50 mn funding from KKR-backed Emerald Media

    MUMBAI: It’s a sign of the confidence international private equity firms have in India’s one-billion plus mobile user base, the over the top (OTT) ecosystem and the appeal south Asian content can have worldwide.

    The Chernin-KKR-Ailleo-Kamath backed Emerald Media yesterday announced that it was investing $50 million (Rs 334 crore) in the Uday Reddy-run internet pay TV platform Yupp TV and gaining a significant minority stake in the firm. The purpose of the fund-raising: expand the OTT service’s footprint globally, its content library through originals and acquisitions, and in the process ramp up its subscriber base.

    Headquartered in Atlanta, Yupp TV offers a mix of live TV (more than 250 channels in 14 languages), TV shows, movies and videos with a focus on the US, UK, Middle East, Canada, Singapore, Malaysia, Australia, New Zealand and the Caribbean.  It has been making inroads in India too with an initial focus on the south Indian market, but has since been spreading nationally. The platform has more than 25,000 hours of entertainment content catalogued in its library, with nearly 5,000 hours of new on-demand content being added to it daily. It recently launched YuppFlix, its on-demand movie streaming service on the back of its 5,000 strong movie catalogue.

    More than five million monthly visitors – peaking at 20 million – log on to the Yupp  TV service using 27 integrated devices. The YuppTV app has had 10 million mobile downloads, 50 million Samsug TV  and 300,000 LG Smart TV pre-installs globally.  The app is also available for PS3 and PS4s.

    Said YuppTV promoter & CEO Uday Reddy:  “We couldn’t ask for a stronger partner than Emerald Media. YuppTV is a content distribution platform with a strong consumer connection, and Emerald Media has global media relationships. We hope to leverage their relationships and existing assets Endemol, OML, Fluence and Graphic India to create original programming and make this platform a next generation distribution and content powerhouse.”

    Added Emerald Media managing director Rajesh Kamat:  “Emerald Media believes in driving change and value-creation by providing a distinctive combination of capital, domain knowledge and management bandwidth. The world is moving from traditional consumption to multiscreen delivery mediums. YuppTV provides a unique combination of technology, strong content relationships and revenues of scale and will be an anchor to our vision of building a new age media company.”

    Said Emerald Media managing director Paul Aiello: “Uday and his team have created an exceptional online video platform with a loyal subscriber base that realizes the huge potential of the global Indian diaspora. Our investment and relationship will enable YuppTV to further their strong leadership position in the rapidly growing OTT space.”

    YuppTV will need all the financial muscle it can get. The Indian OTT and VOD space is just about beginning to warm up with the likes of Amazon keeping aside a war chest of around $300 million for its Prime Video service. Additionally, Netflix, Hotstar, SonyLiv, Ditto TV, Voot, Hooq, Viu, Spuul, and the soon to be launched Alt Balaji are all nurturing ambitious investments and plans to capture a piece of the Indian mobile consumer’s wallet.

    Also read:

    Hooq plans to invest $2 million on original Indian content

    Challenges faced by the OTT players in India; the way ahead

  • Yupp TV gets $50 mn funding from KKR-backed Emerald Media

    Yupp TV gets $50 mn funding from KKR-backed Emerald Media

    MUMBAI: It’s a sign of the confidence international private equity firms have in India’s one-billion plus mobile user base, the over the top (OTT) ecosystem and the appeal south Asian content can have worldwide.

    The Chernin-KKR-Ailleo-Kamath backed Emerald Media yesterday announced that it was investing $50 million (Rs 334 crore) in the Uday Reddy-run internet pay TV platform Yupp TV and gaining a significant minority stake in the firm. The purpose of the fund-raising: expand the OTT service’s footprint globally, its content library through originals and acquisitions, and in the process ramp up its subscriber base.

    Headquartered in Atlanta, Yupp TV offers a mix of live TV (more than 250 channels in 14 languages), TV shows, movies and videos with a focus on the US, UK, Middle East, Canada, Singapore, Malaysia, Australia, New Zealand and the Caribbean.  It has been making inroads in India too with an initial focus on the south Indian market, but has since been spreading nationally. The platform has more than 25,000 hours of entertainment content catalogued in its library, with nearly 5,000 hours of new on-demand content being added to it daily. It recently launched YuppFlix, its on-demand movie streaming service on the back of its 5,000 strong movie catalogue.

    More than five million monthly visitors – peaking at 20 million – log on to the Yupp  TV service using 27 integrated devices. The YuppTV app has had 10 million mobile downloads, 50 million Samsug TV  and 300,000 LG Smart TV pre-installs globally.  The app is also available for PS3 and PS4s.

    Said YuppTV promoter & CEO Uday Reddy:  “We couldn’t ask for a stronger partner than Emerald Media. YuppTV is a content distribution platform with a strong consumer connection, and Emerald Media has global media relationships. We hope to leverage their relationships and existing assets Endemol, OML, Fluence and Graphic India to create original programming and make this platform a next generation distribution and content powerhouse.”

    Added Emerald Media managing director Rajesh Kamat:  “Emerald Media believes in driving change and value-creation by providing a distinctive combination of capital, domain knowledge and management bandwidth. The world is moving from traditional consumption to multiscreen delivery mediums. YuppTV provides a unique combination of technology, strong content relationships and revenues of scale and will be an anchor to our vision of building a new age media company.”

    Said Emerald Media managing director Paul Aiello: “Uday and his team have created an exceptional online video platform with a loyal subscriber base that realizes the huge potential of the global Indian diaspora. Our investment and relationship will enable YuppTV to further their strong leadership position in the rapidly growing OTT space.”

    YuppTV will need all the financial muscle it can get. The Indian OTT and VOD space is just about beginning to warm up with the likes of Amazon keeping aside a war chest of around $300 million for its Prime Video service. Additionally, Netflix, Hotstar, SonyLiv, Ditto TV, Voot, Hooq, Viu, Spuul, and the soon to be launched Alt Balaji are all nurturing ambitious investments and plans to capture a piece of the Indian mobile consumer’s wallet.

    Also read:

    Hooq plans to invest $2 million on original Indian content

    Challenges faced by the OTT players in India; the way ahead

  • Private equity firm Apollo may get management control of Endemol

    Private equity firm Apollo may get management control of Endemol

    MUMBAI: US-based Private equity firm Apollo Global Management is close to taking control of Endemol, the world’s largest independent television production company, according to media reports.

     

    Apollo owns a 30 per cent stake in Endemol, which produces popular television shows including ‘Big Brother’ and ‘Deal or No Deal’.

     

    The reports said Apollo has arrived at an agreement with the creditors of Endemol, including Royal Bank of Scotland and goldman Sachs, that allows it to take a majority stake in the Dutch entertainment company.

     

    The reports also suggested that the management of Endemol would back the move to let Apollo have a majority stake in the company as it would strengthen its capital position.

     

    Apollo also owns Core Media, which produces formats like ‘American Idol’ and ‘So You Think You Can Dance’.

     

    Endemol in India has adaptations of its reality formats in ‘Big Boss’ and ‘Khatron Ke Khiladi’, and original formats like ‘Emotional Atyachar’ and ‘The Great Indian Laughter Challenge’.

     

    The reports said Dasym Investment Strategies, which has a 25 per cent stake in Endemol, has given up on its bid for having management control of the company.