In review, The website creates and curates India specific stories. Revenue is derived primarily through advertising. We believe the partnership offers immense synergies for both parties to create great content experience for India’s mobile internet population. ScoopWhoop is a privately held company that has had investors such as US4 million from the venture capital firm Kalaari Capital. The team at ScoopWhoop have demonstrated significant growth by leveraging their strength in understanding and creating locally relevant content for India’s young audience. As a result, Media consumption patterns are rapidly evolving and this space is ready for disruption. In a statement, Madhu Nori, CEO of Bharti SoftBank, said “About a half of India’s population are under 25 years old and the use of social networks with smartphones is growing rapidly among this segment. Other emerging Asian startup ecosystems SoftBank currently has a stake in include Indonesia, where it recently invested (along with Sequoia) in marketplace Tokopedia and Korea, where it recently purchased streaming video startup DramaFever. SoftBank has enjoyed previous success from investing in companies located in fast-growing markets-its war chest is funded in part by returns from the $20 million stake Son invested in Alibaba back in 2000, which is now estimated to be worth around $75 billion. Other investments in India include mobile ad startup InMobi and Bharti. At the same time, SoftBank participated in a $627 million round in Snapdeal, an e-commerce business. Last week, SoftBank announced that it led a $210 million investment in Ola, an Uber-style service based in Mumbai. About a half of its page views are accessed via smartphones. ScoopWhoop currently claims 20 million monthly page views and over 8 million unique visitors per month across its website and mobile app. Its investment in ScoopWhoop gives SoftBank a chance to add yet another entertainment company to its portfolio, albeit one that has a different model than Legendary Entertainment ScoopWhoop collects entertainment content that is meant to be shared over social media networks, a similar model to Buzzfeed and Upworthy. SoftBank also recently ramped up its focus on entertainment when it invested $250 million in California-based Legendary Entertainment. The Japanese telecom giant recently said that it intends to invest about $10 billion in India over the next few years. Are you looking to buy stationery online in India Visit Scooboo (art and craft shop near you) and buy the latest stationery, art supplies, craft material. Though financial terms were undisclosed, the deal is interesting because it’s the latest in a series of investments by SoftBank in Indian startups. In Sattvik Mishra’s absence, co-founder and COO Rishi Pratim Mukherjee has been appointed the interim CEO of ScoopWhoop.Bharti SoftBank, a joint venture between business group Bharti Enterprises and SoftBank Corp., announced today that it has acquired a 36.5 percent stake in ScoopWhoop, an Indian-focused media startup. At the time of writing, they had 131k followers on Instagram, with this particular post getting thousands of likes and comments in support. The former employee was an anchor at ScoopWhoop who had built a solid following through their content. ![]() Mai chahe jitne full stops lagaane chaahun, abhi ke liye to inn logon ne keechad uchhaalne ka faisla kar liya hai.” All I want is to focus on Unfiltered, make my content, live my life. The post was captioned ‘full stop lagaane nahi denge’, where they continued with their side of the story,” I write this with anger, I still choose to refrain from going into the details because I know what it will do to me and I want to delay i as much as I can. They also hinted at the comments made by seniors within the organisation who tried to persuade them to resolve the issue, attempting to frame it as a misunderstanding instead, alleging, “I have been told by the people who run ScoopWhoop that any ‘misunderstanding’ can be sorted out and that I should just get over this.”
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