IvyCap grows into RML

Jul 20, 2013 •

IvyCap is now the lead investor, while Thomson Reuters will remain a shareholder in the new entity, renamed as RML Information Services.

IvyCap Ventures, a venture capital firm for spinning out technology and entrepreneurs from India’s Institutes of Technology (IIT), has acquired an undisclosed-size stake in media group Thomson Reuters’s local subsidiary, Reuters Market Light (RML), which provides a mobile-based agriculture information service to Indian farmers.

IvyCap is now the lead investor, while Thomson Reuters will remain a shareholder in the new entity, renamed as RML Information Services.

RML was founded in 2007 and has more than one million unique subscribers in…

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