Top Story

e4m_logo.png

Home >> Advertising >> Article

Sandeep Goyal’s Mogae picks equity stake in Sanjeev Kapoor’s Turmeric Ventures

28-September-2010
Font Size   16
Share
Sandeep Goyal’s Mogae picks equity stake in Sanjeev Kapoor’s Turmeric Ventures

Sandeep Goyal’s Mogae Group has invested in Turmeric Ventures, the company owned by Chef Sanjeev Kapoor, which will soon be launching a 24x7 television channel dedicated to food. The channel is expected to go on-air before the end of the year. The Astro Group of Malaysia is investing $28 million in the new channel and will hold majority stake.

Sandeep Goyal, a former Group CEO of Zee Telefilms (2001-02), is the founder Chairman of Dentsu India, which currently has four full service ad agencies in its fold, with 2010 capitalised billings of Rs 1,200 crore. The Mogae Group owns 26 per cent in all of the Dentsu ventures in India. Mogae also owns 49 per cent stake in a JV with Dentsu for the Middle East headquartered in Dubai.

Mogae has a 50:50 JV with the TOI Group in the venture Indian Fantasy Games, which runs gaming portal www.indianfantasyleague.com. Mogae is also a co-promoter with TOI, Star TV and Zee Group in www.lastminuteinventory.com, a media trading portal. Mogae is also a co-owner in two PR firms: Torque and Midori.

Mogae and Astro Malaysia already have a 50:50 JV, Mogae Digital, which is a key player in mobile VAS services. Both Mogae and Astro are also co-investors in Diginatives, a software company specialising in educational products.

Goyal’s Mogae will own 20 per cent in Turmeric Ventures, the original investment vehicle of Chef Sanjeev Kapoor. The stakes of the original promoters will get proportionately diluted post the Astro investment.

Tanya Goyal, Director, Mogae Group said, “We are delighted to be joining Chef Sanjeev Kapoor in his dream venture. Sandeep and Sanjeev are old friends. We believe Turmeric’s round-the-clock food channel will be a path breaker and we at Mogae are proud to be associated with it.”

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

The Tata Group is considering review of its Public Relations mandate which is currently handled by PR firm Edelman in association with Rediffusion. The review is likely to happen post January 2018.

KVL Narayan Rao, Group CEO, and Executive Vice Chairman of NDTV passed away at 63 after battling cancer for two years

Week 44 (October 29-November 4, 2017) of RAM Ratings saw Big FM and Fever FM dominating Mumbai. Meanwhile Fever, Radio City and Radio Mirchi dominated Delhi, Bangalore and Kolkata respectively.