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Astrolife.com Bought From People Group By Business Head Raj Rao

MediaNama had learned from reliable sources that Raj Rao, the business head of Astrolife.com has led a management buyout of the portal from the People Group (Shaadi). Astrolife is a website focused on Astrology, and offers both free and paid Astrology related services. Raj Rao confirmed the development to MediaNama, saying that he had started the astrology business in People Interactive, being an astrologer himself, and as of May 1st 2009, had assumed management control of the company. According to Rao, it was a strategic decision: People Interactive were looking for a way to ensure that each business gets attention from the management, and it made sense for this relatively smaller business to be separated. People Interactive retains a minority stake in the new company - called Astrology India Pvt Ltd, but is yet to nominate a member to the board.…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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