Indian language news channel India TV has attracted an investment of $11.5 million from FUSE+Media, an affiliate of leading international venture fund ComVentures.
FUSE+Media has invested in India TV through Mauritius-based CV Global Holdings.
'The partnership will strengthen India TV's striving for editorial excellence and our unmatched connect with the viewing public of our country,' Rajat Sharma, editor-in-chief, India TV, said in a statement Friday.
The investment gives FUSE+Media a 19.17 percent stake in Independent News Services Pvt Ltd (INSPL), India TV's parent company. The FUSE+Media stake includes shares divested by existing stakeholders of INSPL, the statement said.
Source : Indiaprwire