Capital18, the corporate venturing unit of India-based Media & Investments (Network18) has been on a very active exit path over the past 12 months, namely with its latest divestment in India-based digital media agency, Webchutney. Capital 18 has sold its 70% stake to the India unit of Japan-based advertising agency, Dentsu, for an undisclosed sum, which has reportedly made investors three times their investment.
Capital18, the corporate venturing unit of India-based Media & Investments (Network18), has made an agreement with Dentsu India Group, part of the Japan-based advertising agency group Dentsu, to divest its stake in the digital media agency Webchutney Studio for an undisclosed sum.
However, Capital18 reportedly has generated a return of over 300% on its investment, which it first made in 2007.
Capital18 held around 70% stake in Webchutney while Dentsu has acquired 80%.
The remaining 10% was sold by some…
