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Corporation
MOBILE & TELECOMMUNICATIONS
timesinternet.in

Investments

43

Portfolio Exits

17

Partners & Customers

10

About Times Internet

Times Internet, an Indian Internet Network, is the digital venture of Times of India Group, a media and entertainment group. Times Internet operates a portfolio of web and mobile properties that engage millions of users globally.

Headquarters Location

Ecstasy IT Park Plot 391, Phase III Udyog Vihar, Sector 20, Gurugram

Haryana, 122016,

India

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Latest Times Internet News

Exclusive: MX PLayer likely to turn unicorn with over $100 Mn in fresh funding

Mar 3, 2021

MX Player, which owns and operates short video entertainment app MX TakaTak, is in talks with existing and new investors to raise up to $150 million in a new round, according to three people aware of the details of the transaction. This would be the second external fundraise for the firm that was acquired by Times Internet in early-2018. “Existing investor Tencent will join the round with a sizeable chunk along with an American late-stage investor,” said one of the sources requesting anonymity. “The fresh round, which is in the range of $100-150 million, will be executed at over $900 million valuation and the company may become a unicorn.” According to sources, New York-based merchant bank Raine Group is advising MX Player on the deal. “Raine is likely to participate in the new round with its own money as well,” said the second person who wished not to be named as the discussions are private. MX Player has been positioning MX TakaTak as an anchor for the new fundraise, the person added. The fresh proceeds will help MX TakaTak maintain its pole position in the short video entertainment space. “MX TakaTak has been spending heavily to drive downloads and retain users. Its monthly burn is in the range of $5-7 million,” said the person quoted at the beginning of the story. Entrackr’s queries sent to MX Player, Tencent and Raine Group didn’t elicit any immediate response. We will update the story in case they do. Soon after the ban on TikTok and other China-linked short video apps, MX Player along with ShareChat and Dailyhunt had launched their respective clone apps in mid-2020. Since then, these three apps have emerged as the top three contenders. MX TakaTak was the most downloaded app in India in the last two months as per Sensor Tower data with 35 million downloads in January and 36.5 million in February. With the ban on TikTok in India unlikely to be lifted in the near future, large investors have started choosing their bets in the Indian short video entertainment space. Google had already led a $150 million round in InMobi’s Glance which owns Roposo and backed Dailyhunt in a $100 million round . Dailyhunt had launched a short video app, Josh, soon after a ban on TikTok. Meanwhile, Google is also in talks with ShareChat to lead a large round. Twitter, which is an existing investor in ShareChat, had also explored talks to acquire the Bengaluru-based firm and launch Moj as TikTok’s global alternative. As for MX Player, if the deal goes through, it is likely to be the fourth unicorn from the short video entertainment space. While Dailyhunt and InMobi’s Glance were valued at over $1 billion in their last financing rounds, ShareChat and MX Player will also make it to the coveted club of unicorns soon. Disclaimer:Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Times Internet Investments

43 Investments

Times Internet has made 43 investments. Their latest investment was in Clinikk as part of their Seed VC - II on November 11, 2021.

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Times Internet Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/16/2021

Seed VC - II

Clinikk

$4M

No

10

2/3/2021

Series D

Mobile Premier League

$95M

No

50

11/17/2020

Seed VC

Clinikk

Yes

3

8/31/2020

Seed VC - II

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$99M

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10

3/9/2020

Unattributed - II

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$99M

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10

Date

11/16/2021

2/3/2021

11/17/2020

8/31/2020

3/9/2020

Round

Seed VC - II

Series D

Seed VC

Seed VC - II

Unattributed - II

Company

Clinikk

Mobile Premier League

Clinikk

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Amount

$4M

$95M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

10

50

3

10

10

Times Internet Portfolio Exits

17 Portfolio Exits

Times Internet has 17 portfolio exits. Their latest portfolio exit was MensXP.com on June 23, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/23/2022

Acquired - II

$99M

1

5/11/2022

IPO

$99M

Public

49

1/5/2022

Acquired

$99M

2

10/26/2021

Acquired

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$99M

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10

7/12/2021

Acquired

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$99M

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10

Date

6/23/2022

5/11/2022

1/5/2022

10/26/2021

7/12/2021

Exit

Acquired - II

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

49

2

10

10

Times Internet Acquisitions

12 Acquisitions

Times Internet acquired 12 companies. Their latest acquisition was Gaana on September 02, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/2/2020

Debt

$99M

$195M

Corporate Majority

5

1/24/2018

Series A

$99M

$110.8M

Corporate Majority

5

12/18/2017

$99M

Acquired

1

3/3/2016

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$99M

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10

1/7/2016

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$99M

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10

Date

9/2/2020

1/24/2018

12/18/2017

3/3/2016

1/7/2016

Investment Stage

Debt

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$195M

$110.8M

Note

Corporate Majority

Corporate Majority

Acquired

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Sources

5

5

1

10

10

Times Internet Partners & Customers

10 Partners and customers

Times Internet has 10 strategic partners and customers. Times Internet recently partnered with Business Insider on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/25/2022

Partner

United States

Times Internet to bring Business Insider to India.

In January , Times Local Partners , launched by Times Internet Ltd to help it partner with global digital companies , announced a partnership with Gawker Media , another US-based online media company , to bring the Gizmodo and Lifehacker websites to India .

1

3/1/2021

Partner

United States

Times Internet Inks Strategic Partnership With Twitter To Drive Content-Led Solutions - Times Internet: Everything

This would help us introduce new select and bespoke content partnerships with brand partners looking to associate with quality , premium content from market leaders such as The Times and Economic Times via video and LIVE as well as influencer-aligned content . ''

1

9/23/2020

Partner

United States

M360 partners with Google to enable effective monetization for digital publishers - Times Internet: Everything

Times Internet and Google have a long standing partnership on Google Ad Manager .

1

5/30/2017

Vendor

United States

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10

5/30/2017

Vendor

United States

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10

Date

3/25/2022

3/1/2021

9/23/2020

5/30/2017

5/30/2017

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Times Internet to bring Business Insider to India.

In January , Times Local Partners , launched by Times Internet Ltd to help it partner with global digital companies , announced a partnership with Gawker Media , another US-based online media company , to bring the Gizmodo and Lifehacker websites to India .

Times Internet Inks Strategic Partnership With Twitter To Drive Content-Led Solutions - Times Internet: Everything

This would help us introduce new select and bespoke content partnerships with brand partners looking to associate with quality , premium content from market leaders such as The Times and Economic Times via video and LIVE as well as influencer-aligned content . ''

M360 partners with Google to enable effective monetization for digital publishers - Times Internet: Everything

Times Internet and Google have a long standing partnership on Google Ad Manager .

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Sources

1

1

1

10

10

Times Internet Team

11 Team Members

Times Internet has 11 team members, including , .

Name

Work History

Title

Status

Rajesh Sawhney

Founder

Current

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Name

Rajesh Sawhney

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Work History

Title

Founder

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Status

Current

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