Ampreet Singh CEO at Networkplay Media has left the company after six years of association. It is believed that Singh has sold his final stake back to the principal (G+J) some time back and was planning to exit soon. It’s not clear as to what will be Singh’s next move, but it looks like that he might be planning his own new venture.
Singh along with six other colleagues from Yahoo co- founded Networkplay in 2008 as brand ad network in the Indian digital space. The venture was incubated by WebChutney, and funded by Capital18.In Early 2012 Gruner + Jahr (G+J), the media company, part of Germany’s Bertelsmann group, acquired Networkplay.
In last couple of years Networkplay has acquired 2 other companies SeventyNine – Mobile ad network and Videoplay – Video ad network.
Before taking up the responsibility of CEO in 2012, Singh was Vice President, Distribution and Client Servicing with key responsibility to build and develop strong publisher base to offer media solutions to brands in the digital domain.
Singh has worked for companies like Nokia Interactive, Yahoo India, and Tribal DDB for eight years in leadership role before venturing into the entrepreneurial role.
It’s not clear yet but sources indicate that announcement of the successor to Singh will be made very soon.