Tag: Ronnie Screwvala

  • Star India & franchises set for Pro Kabaddi League season 3

    Star India & franchises set for Pro Kabaddi League season 3

    MUMBAI: What Star India did for the Indian sport of Kabbadi is unprecedented. With the success that Pro Kabaddi League (PKL) has seen in a short span of time, it almost seems as if the game was a dark horse waiting to be saddled. From a flying bubble to an established entity, Star India CEO Uday Shankar and Mashal Sports director Charu Sharma’s PKL, which is all set for its third season, has clearly emerged as the undisputed second after cricket when it comes to sports in India.

     

    Even as the maiden season in 2014 got a first-rate response, with the second season in 2015, the interest level had only escalated amongst fans and advertisers alike. Unrecognised names and faces suddenly became household names as Kabaddi players from various PKL franchises posed for selfies with fans. Such prodigious was the response that stakeholders didn’t bat an eyelid before making the tourney a bi-yearly proposition.

     

    Smelling an attractive proposition, advertisers too queued up briskly. While the first season did not see brands on board, the second season snagged a hefty Rs 55 crore by roping in as many as eight associate sponsors and two partners.

     

    PKL franchises also saw the benefits with Ronnie Screwvala’s UMumba breaking even before the team’s first raid.

     

    With PKL season 3 set to kick-start from 3 February, the official broadcaster and title sponsor Star Sports has started unveiled its marketing trump cards. Amitabh Bachchan is back with the Le-Panga anthem with a few modifications. Salman Khan was spotted talking about the tournament getting bigger and better. Last year every match kick-started with a famous dignitary singing the Indian National Anthem. This year too, the trend will continue.

     

    Aamir Khan will mark open the third edition of PKL by singing the National Anthem. “The entire Le-panga campaign has been orchestrated by Star Sports’ in-house team. We are associating with  brand ambassadors and will have specific videos with specific brand ambassadors,” a source close to the development tells Indiantelevision.com.

     

    Multi-lingual telecast feed will also continue this year. However, the sportscaster has dropped the number of languages from five to four. While the English, Hindi, Kannada and Telegu feeds will continue, the Marathi coverage, which was there last year, has been dropped this year.

     

    Brands like TVS, Bajaj, Flipkart, State Bank of India and Gionee have been roped in as associate sponsors. Fair and Lovely Men has also come on board as a partner.

     

    “We are in talks with a few more brands and will soon be in a position to disclose more names. The brand interaction this year has been very good and we are expecting good numbers,” said a senior Star India official.

     

    Speaking on the advertising dynamics for PKL, a media planning expert on condition of anonymity says, “Anything equal to what they raked in last year will be a great achievement, because PKL will now be held twice a year. The ad revenue from this year’s tourney will be somewhere between Rs 40 – 50 crore. An associate sponsor inventory will be between Rs 3 – 5 crore, whereas ad rates for a 10 second slot will be somewhere in the range of Rs 60,000 to 65,000.”

     

    CAA KWAN COO Indranil Das Blah is of the opinion that the twice a year proposition is a progressive one. “The nature of the league is such that it ends very fast. So having such an expedition twice a year is a good move. It gives broadcasters as well as the franchises added room of monetisation. It is a positive move and will be beneficiary for all the stakeholders.”

     

    The franchises too welcome the decision of making PKL a bi-yearly affair. “We are very happy that it’s happening twice a year now. It gives an added advantage of building the connect, both with brands and the audience. Apart from the associations, with the tournament becoming a bi-yearly proposition, now we can have various value adds for brands associated with us, our team as well as fans. We plan to travel to various regions this year along with our team,” informs UMumba CEO Supratik Sen.

     

    UMumba is the defending champion of the tournament and the franchise’s performance has been equally good on the commercial front too. “This year we are eying a 140 per cent growth in our sponsorship revenues. Global player Adidas has associated with us as apparel partner. This only goes to show that the tournament is garnering global attention,” adds Sen.

     

    Close to 60 per cent of UMumba’s revenue comes from sponsorships, while ticketing contributes to 10 per cent of the overall revenue. The remaining 30 per cent comes from central revenue. 

     

    A sports media planning expert says, “Ronnie and his team have done a fantastic job to uplift their brand value. Any brand associating with them knows for a fact that there will be high ROI and that’s why they get considerably high sponsorship revenue. Smart monetisation is what they practice. When they know they charge more, they enhance the inventory. To my knowledge, for a chest spot UMumba would be charging somewhere close to Rs 3 crore, which is a great figure. Overall from this edition they can rake in close to Rs 12 crore, which is a great return given the investments are not more than Rs 4 crore.”

     

    Another franchise, which is optimistic about breaking even this year and has demonstrated constant growth is Bengaluru Bulls. The franchise rakes in 45 per cent of its revenue from sponsorship and ticketing, while the rest comes from central sponsorship. For a chest spot, the team charges close to Rs 2 crore. Bengaluru Bulls CEO Uday Sinh Wala says, “We are witnessing a 20 per cent growth, which I think should have been more but we have to understand the subdued nature of our economy at this stage and the enormous high profile cricket happening around us. However, I am sure that it will grow rapidly in the future.”

     

    “The response to the bi-yearly proposition will be clearer when more seasons unfold but at this stage I can say that it’s a great move as it gives us an opportunity to endeavour into long term association with our clients,” he adds.

     

    How the PKL juggernaut continues its sojourn over the coming years will be interesting to watch.

  • Bloomberg & Business Broadcast News end licensing deal in India

    Bloomberg & Business Broadcast News end licensing deal in India

    MUMBAI: After seven years of partnership, Bloomberg L.P. and Business Broadcast News have decided to end their media licensing agreement in India on 31 March, 2016.

     

    Both parties have mutually ended the licensing agreement and will pursue their respective new business strategies.

     

    While Business Broadcast News will continue to operate the TV channel with fresh branding effective 1 April, subject to regulatory approval, Bloomberg will announce a new media partner in due course of time.

     

    “Our strategic partnership with Reliance Group and Ronnie Screwvala enabled us to successfully reach millions of viewers in India, and deliver market-moving business and financial news on India’s growth and development,” said Bloomberg Media Group – International managing director Parry Ravindranathan. 

     

    “Together, we set new standards in financial broadcast journalism, and we will continue to value our relationship with both partners. In the coming weeks, we will unveil a new chapter for Bloomberg Media in India as we remain more committed than ever to expanding our media operations this year both in broadcast, digital and other platforms,” he added.

     

    Business Broadcast News director Tarun Katial said, “In recent years, the channel has witnessed consistent increase in reach and viewership, and created a benchmark for credible business news reporting with experienced anchors and marquee shows. We have had great learnings drawing upon the global expertise and credibility of Bloomberg, and we look forward to maintaining this strong relationship in the years ahead.”

  • Bloomberg & Business Broadcast News end licensing deal in India

    Bloomberg & Business Broadcast News end licensing deal in India

    MUMBAI: After seven years of partnership, Bloomberg L.P. and Business Broadcast News have decided to end their media licensing agreement in India on 31 March, 2016.

     

    Both parties have mutually ended the licensing agreement and will pursue their respective new business strategies.

     

    While Business Broadcast News will continue to operate the TV channel with fresh branding effective 1 April, subject to regulatory approval, Bloomberg will announce a new media partner in due course of time.

     

    “Our strategic partnership with Reliance Group and Ronnie Screwvala enabled us to successfully reach millions of viewers in India, and deliver market-moving business and financial news on India’s growth and development,” said Bloomberg Media Group – International managing director Parry Ravindranathan. 

     

    “Together, we set new standards in financial broadcast journalism, and we will continue to value our relationship with both partners. In the coming weeks, we will unveil a new chapter for Bloomberg Media in India as we remain more committed than ever to expanding our media operations this year both in broadcast, digital and other platforms,” he added.

     

    Business Broadcast News director Tarun Katial said, “In recent years, the channel has witnessed consistent increase in reach and viewership, and created a benchmark for credible business news reporting with experienced anchors and marquee shows. We have had great learnings drawing upon the global expertise and credibility of Bloomberg, and we look forward to maintaining this strong relationship in the years ahead.”

  • Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    MUMBAI: Serial entrepreneur Ronnie Screwvala is on an investment spree. After recently funding the online gadget accessory store DailyObjects, Screwvala’s Unilazer Ventures has now invested in insurance policy aggregator EasyPolicy.com, an insurance comparison website. 

     

    EasyPolicy has raised approximately $2.2 million in a fresh round of funding, which was led by Unilazer along with others like Refex Energy founder and managing director Anil Jain as well as Burman Family Office, which is the investment arm of Dabur India promoters’ family.

     

    The funds will be used to build the company’s technology platform, enhance its product portfolio, as well as to strengthen its marketing team.

     

    Noida-based Easypolicy Insurance Web Aggregators operates the portal, which was launched in 2011 by Alok Bhatnagar, Neeraj Aggarwala and Divyanshu Tripathi.

     

    Till date, Screwvala has invested in various ventures like MeraDoctor, Lenskart, Zivame, SilverPush, EkStop, Yumist, Timessaverz and artificial intelligence (AI) startup Niki.ai amongst others.

  • Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    Easypolicy raises $2.2 million in funding led by Ronnie Screwvala’s Unilazer

    MUMBAI: Serial entrepreneur Ronnie Screwvala is on an investment spree. After recently funding the online gadget accessory store DailyObjects, Screwvala’s Unilazer Ventures has now invested in insurance policy aggregator EasyPolicy.com, an insurance comparison website. 

     

    EasyPolicy has raised approximately $2.2 million in a fresh round of funding, which was led by Unilazer along with others like Refex Energy founder and managing director Anil Jain as well as Burman Family Office, which is the investment arm of Dabur India promoters’ family.

     

    The funds will be used to build the company’s technology platform, enhance its product portfolio, as well as to strengthen its marketing team.

     

    Noida-based Easypolicy Insurance Web Aggregators operates the portal, which was launched in 2011 by Alok Bhatnagar, Neeraj Aggarwala and Divyanshu Tripathi.

     

    Till date, Screwvala has invested in various ventures like MeraDoctor, Lenskart, Zivame, SilverPush, EkStop, Yumist, Timessaverz and artificial intelligence (AI) startup Niki.ai amongst others.

  • Arre’s first sitcom ‘I Don’t Watch TV’ to launch in February

    Arre’s first sitcom ‘I Don’t Watch TV’ to launch in February

    MUMBAI: Arré, the digital media company founded by Ronnie Screwvala along with B Saikumar and Ajay Chacko, is all set to launch its first sitcom in February 2016.

     

    The show titled as I Don’t Watch TV (IDWT) is a wild comedy on the evolving Indian TV industry. The first season consisting of five episodes is already shot and will launch in February, while the second season is under production.

     

    The show will draw commentary on Indian celebrities and the growing obsession with Bollywood. The show is produced by Nakuul Mehta and will star some of the biggest names from daily soaps.

     

    Directed by Ajay Singh, the show will give a close personal look at the daily soap world through Mehta’s eyes.

     

    Other personalities that will be seen on the show are Drashti Dhami, Karan Patel, Rithvik Dhanjani, Kritika Kamra and Karan Wahi amongst others. The show will also feature Alekh Sanghal and Ram Menon.

     

    Not restricting itself to daily soaps, the show has a humorous cameo by film critic Rajeev Masand.

     

    Arré founder and MD B Saikumar said, “Arré aims to be a multi-genre, multi-format content brand and for the mobile and digital consumer who is increasingly moving away from TV – to that end, I Don’t Watch TV, is perhaps the ideal sitcom to launch our video slate with. We don’t believe in doing the straight and narrow and after Ho Ja Re-Gender, a social experiment on gender issues, we now present IDWT, which is a fictionalised, irreverent, yet realistic look at the idiosyncrasies of the daily soap industry. And Nakuul represents the honesty and the dichotomy of this age – and we’re thrilled that he is so passionate about this project himself.”

     

    Mehta said, “We found a great synergy with the folks at Arré and their backing of disruptive ideas makes them a perfect platform for IDWT. This series is truth meets part fiction meets part bizarre, which in essence is Indian television, today. It has been our labour of love and we have been keen to tell this story for a long time as it is personal and quite intense in a lot of ways, though it’s presented in a humorous and edgy way.”

  • Arre’s first sitcom ‘I Don’t Watch TV’ to launch in February

    Arre’s first sitcom ‘I Don’t Watch TV’ to launch in February

    MUMBAI: Arré, the digital media company founded by Ronnie Screwvala along with B Saikumar and Ajay Chacko, is all set to launch its first sitcom in February 2016.

     

    The show titled as I Don’t Watch TV (IDWT) is a wild comedy on the evolving Indian TV industry. The first season consisting of five episodes is already shot and will launch in February, while the second season is under production.

     

    The show will draw commentary on Indian celebrities and the growing obsession with Bollywood. The show is produced by Nakuul Mehta and will star some of the biggest names from daily soaps.

     

    Directed by Ajay Singh, the show will give a close personal look at the daily soap world through Mehta’s eyes.

     

    Other personalities that will be seen on the show are Drashti Dhami, Karan Patel, Rithvik Dhanjani, Kritika Kamra and Karan Wahi amongst others. The show will also feature Alekh Sanghal and Ram Menon.

     

    Not restricting itself to daily soaps, the show has a humorous cameo by film critic Rajeev Masand.

     

    Arré founder and MD B Saikumar said, “Arré aims to be a multi-genre, multi-format content brand and for the mobile and digital consumer who is increasingly moving away from TV – to that end, I Don’t Watch TV, is perhaps the ideal sitcom to launch our video slate with. We don’t believe in doing the straight and narrow and after Ho Ja Re-Gender, a social experiment on gender issues, we now present IDWT, which is a fictionalised, irreverent, yet realistic look at the idiosyncrasies of the daily soap industry. And Nakuul represents the honesty and the dichotomy of this age – and we’re thrilled that he is so passionate about this project himself.”

     

    Mehta said, “We found a great synergy with the folks at Arré and their backing of disruptive ideas makes them a perfect platform for IDWT. This series is truth meets part fiction meets part bizarre, which in essence is Indian television, today. It has been our labour of love and we have been keen to tell this story for a long time as it is personal and quite intense in a lot of ways, though it’s presented in a humorous and edgy way.”

  • Ronnie Screwvala’s Arré acquires video streaming venture Apalya

    Ronnie Screwvala’s Arré acquires video streaming venture Apalya

    MUMBAI: In a bid to strengthen its video play capabilities, Ronnie Screwvala’s digital media brand Arré has acquired a 100 per cent stake in Apalya Technologies, founded by Vamshi Reddy and Shiva Bayyapunedi.

     

    Reddy, who heads the company as CEO and Bayyapunedi, who is the chief technology officer, will join the founding team of Arré with immediate effect.

     

    With this acquisition, Arré aims to be the country’s leading digital content and platform brand, combining its multi-genre, multi-format content plans with a formidable technology platform.

     

    Apalya is a technology company with a proprietary video platform, strong engineering talent as well as content access relationships with telecom operators. This transaction will be effected via a 100 per cent buy out of shares from all investors including IDG, Kalaari, Cisco, Mumbai Angels and the founders among others.

     

    Apalya runs the OTT platform in partnership with more than 10 mobile operators across four countries, reaching 10 million subscribers annually and currently earning Rs 40 crore in revenue with positive EBITDA margins.

     

    With the telecom ecosystem and service offerings in India undergoing a rapid change with the 4G rollout coupled with the rapidly growing appetite for video, Apalya is rightly positioned to leverage this opportunity.

     

    The company has also made in-roads in various international markets and plans to expand and launch services in the Middle East/Africa and some parts of South-east Asia over the next six months.

     

    Screwvala said, “The OTT space is throwing up massive opportunities that brings together the twin forces of scale and creativity. We’ve already seen this space take off in the US and in other mature markets and we will partner with many and work closely with some on co-creating the next level of digital content. We are a digital-first and digital-only company and our focus is and will remain creating original content in all forms and these will differentiate us and yet allow us to be complimentary to many of our peers.”

     

    Arré co-founder and MD B Saikumar added, “This acquisition gives us wings to move rapidly from being a content player to a ‘content & platform’ player. We aim to operate at the intersection of creativity and technology and the Apalya acquisition is a key move in that direction. Besides, content will need tremendous distribution focus and Apalya’s telecom relationships will add power to our pursuit of reach and access. Digital advertising and Digital payments are seeing seismic growth shifts and Arré will be well positioned to exploit these twin revenue lines for its content offerings.”

     

    Reddy said, “Arré and its founders represents the next wave of digital innovation and disruption in Asia and with all our expertise of the past decade we are happy to join in on this vision and work together to create a true blue digital content and platform company, a strong consumer base and at scale.”

  • Ronnie Screwvala’s Unilazer pumps Rs 7 crore in MeraDoctor

    Ronnie Screwvala’s Unilazer pumps Rs 7 crore in MeraDoctor

    MUMBAI: MeraDoctor, a platform for virtual consultations between doctors and patients, has closed a Rs 7-crore Pre-Series A financing round led by Ronnie Screwvala’s Unilazer Ventures.

     

    MeraDoctor, which was launched earlier this year, has so far helped over 300,000 people connect with carefully screened doctors across India through a simple chat interface. Most health platforms create a big bazaar experience in which neither patients nor doctors are comfortable. Instead, as a doctor-led company, MeraDoctor builds trust and loyalty by smoothly connecting patients with reputable physicians only, and ensures that both sides have a high-quality experience.

     

    MeraDoctor CEO & co-founder Dr. Ajay Nair says, “We’re honoured to have partnered with Ronnie Screwvala and some of the country’s best entrepreneurs and investors to take MeraDoctor to the next stage. Within the country’s rapidly evolving healthcare industry, our focus is clear – we make it easy for everyone in India to have high quality health conversations on their phone. In just a few months after launching our app for live messaging with doctors, we’ve helped over 300,000 people connect with quality care.”

     

    The new investment will help MeraDoctor extend its technology platform, scale up its doctor base, add to its technology and management teams.

     

    Screwvala’s Unilazer Ventures led the round, with participation from existing investor early-stage fund IndiaQuotient. Previous investors in the company include Aaavishkaar and Accion Venture Lab.

     

    “MeraDoctor’s leadership team is unique in combining a deep understanding of healthcare with a fine-tuned sense of customer needs and a relentless drive to build a large, enduring business. Mobile adoption is disrupting the way healthcare is being delivered. The very large untapped market and the team’s deep healthcare experience is a winning combination. I’m delighted to support their vision and contribute as best I can, as Ajay and Gautam tackle one of the biggest opportunities in India today,” adds  Screwvala.

  • Zomato ex-CMO Alok Jain’s foodtech Yumist raises USD 2 million

    Zomato ex-CMO Alok Jain’s foodtech Yumist raises USD 2 million

    MUMBAI: India-based food delivery start up Yumist has raised $2 million in its pre-Series A round funding, with the Ronnie Screwvala owned venture capitalist  Unilazer Venture as its leading investor.  Existing Orios VP and Silicon Valley based investor Steven Lurie also participated in the investment round.

    The foodtech start up launched by former Zomato CMO Alok Jain and Zing restaurant founder  Abhimanyu Maheshwari in 2014 currently  serves home-style meals prepared in their own kitchens at price points of Rs 65 onwards. Meals can be ordered through the Yumist app or website. The order is delivered in under 30 minutes, the service claims.
     

    “The focus is on building a great customer experience and healthy unit economics, which has resulted in rapid organic growth for us. We’ll continue with this approach going forward,” Yumist co-founder and CEO Alok Jain informed a broadsheet on the new fundraiser.

    With an aim to reduce its delivery cost from Rs 35 to Rs 20, the start-up plans to use the money raised to scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans to expand to Mumbai and Pune.

    “After this round, we will still keep our heads down until March in our current three cities, and show that we can be gross margin profitable at a company level,” said Jain revealed.