The conglomerate has taken a majority stake in the Bharti Airtel and HT Media-backed news app developer through a primary and secondary deal.

Conglomerate RP-Sanjiv Goenka has paid an undisclosed sum for a 51% stake in Editorji Technologies, an India-based video news app developer backed by corporates Bharti Airtel and HT Media, the Economic Times reported yesterday.

Editorji has built a mobile app that provides news content through 15-second videos. RP-Sanjiv Goenka bought the shares through a combination of primary and secondary investment, though the companies have not disclosed the identity of any selling shareholders.

HT Media, the media company that owns daily…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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