The RP-Sanjiv Goenka Group announced that it has acquired a majority stake in video-based news app Editorji, a move that marks its foray into the digital news media space. Financial details of the transaction remain undisclosed.
RP-Sanjiv Goenka (RPSG) Group has acquired 51% stake through a combination of primary and secondary transaction in Editorji Technologies, started by former NDTV chief executive officer Vikram Chandra, said a statement.
“I am delighted with the transaction as this investment marks our foray into digital news media space. I believe Editorji is a promising platform to build significant digital media business,” RPSG Group chairman Sanjiv Goenka said.
Earlier this month, the RPSG Group had bagged the publishing rights for the global business magazine Fortune for the Indian market.
“As part of the RPSG Group, and with strong existing investors like Airtel and HT, Editorji is well-positioned to take advantage of the ongoing digital revolution,” Editorji’s Managing Director, Vikram Chandra said.
Launched in 2018, Editorji delivers news in two languages – English and Hindi and across three formats of video, audio and text formats. One of the key features of the Editorji platform is its ability to generate personalised AI-driven news and information playlists.
RPSG’s businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, and agriculture.
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