Uday Khandeparkar to launch news venture with financial backing?

Uday Khandeparkar to launch news venture with financial backing?

Author | Saif Ahmad Khan | Wednesday, May 10,2017 8:05 AM

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Uday Khandeparkar to launch news venture with financial backing?

Columnist and investment banker Uday Khandeparkar is speculated to initiate a news venture of his own in the form of a website. If the rumour mills are to be believed, then the forthcoming initiative, which will be editorially led and managed by Khandeparkar, will operate out of twin locations i.e. Mumbai and New Delhi. While exchange4media tried reaching out to Khandeparkar via phone calls and an SMS for an official reaction, he chose not to respond.

However, a “pitch for prospective employees” associated with the venture has been accessed by exchange4media. The memo, drafted a couple of months back and undersigned by Khandeparkar, notes that a news desk was in the works starting January 2017. “This venture has the financial backing of investors who understand new media. They have the marketing muscle to make this news portal a voice that will be heard in quarters that matter,” it said.

Mindful of taking a plunge into the overcrowded digital news space, the document added that the unique selling proposition (USP) of the news enterprise was going to be its commitment to the oldest form of communication – the written word. The emphasis of the portal on the necessity of written communication was identified as its core strength in an era of shouting matches on television channels and peddling of fake news via social media and instant messaging tools.

“That’s why there is a distinct space for a news site that distinguishes itself, starting with the headlines,” the pitch reasoned. On the lookout for establishing an efficient team of desk editors, the employer underlined “supremacy in language” and the ability to evoke “readers’ feelings” as essential qualities for prospective hires.

In the past four months, numerous journalists have founded their independent news platforms. These include Arnab Goswami-led Republic TV, Barkha Dutt’s Mojo Media and Go News of Pankaj Pachauri. Former WION & DNA Editor-in-Chief Rohit Gandhi is also slated to launch a news start-up called Global Live. Khandeparkar, who has been associated with leading news brands such as Bloomberg News, Reuters and Times of India, could soon be expected to officially join the list. He previously founded Realmark, a financial intermediary firm in 2009. 

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