NDTV’s E-Commerce Venture In Talks to Raise PE Funds; Posts Rs 3.5 cr Revenue

indianrootsDelhi based television network NDTV which reported a loss of Rs 81.2 cr for the year ended March 2014 on a topline of Rs 496 cr, said that it’s e-commerce business Indianroots is in talks to raise private equity investments at attractive valuations.

The company said

This has been an investment year for NDTV with an aim to turn around loss making verticals and incubate new growth businesses.

The company said its e-tailing revenues were up 40% quarter on quarter. Stock exchange filings show that NDTV spent Rs 25 cr on incubating Indianroots which clocked revenues of Rs 3.5 cr for the quarter ending March 2014. Indianroots went live in July 2013.

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