Sahad PV, the founder and editor of media business VC Circle, has quit the company. Sahad confirmed the development to MediaNama over a phone call. “It’s natural for a founder or entrepreneur to move on once the business is acquired. It’s already a year since VCCircle was bought by News Corp. Now there is a capable management in place to take forward the journey which we started,” he said.
In March 2015, News Corp acquired VCCircle for an undisclosed amount. VCCircle has two online news publications – VCCircle.com and Techcircle.in – and monetizes largely through events such as conferences and training workshops. It also has a subscription based data platform called VCCEdge.
Update: MediaNama had written to News Corp regarding the development. Raju Narisetti, senior vice president of News Corp sent the following statement:
In the year following the acquisition, VCCircle Network has significantly expanded its team and business, posting strong year-over-year growth, in what is now the start of its second decade of existence. With a strong leadership in place to build on that foundation, Sahad had asked to step down from his day-to-day role as part of a planned transition, at end of March. As its founder, he will remain an advisor to me and a mentor to the VCCircle Network. Will keep you posted as and when we make any relevant future personnel announcements.
Earlier this month, VCCircle appointed Archna Shukla as editor where she would be responsible for leading news gathering and editing efforts, as well as day-to-day news coverage functions, at VCCircle and TechCircle.
In December 2015, News Corp appointed Nagaraj Nagabushanam as Chief Product Officer of VCCircle. He would also work with News Corp owned BigDecisions, according to an email sent by Raju Narisetti.
Possible VCCircle tie up with Dow Jones
In an earlier interview with MediaNama, Narisetti hinted that Dow Jones and VCCircle would be working together and exchanging data. “VCCircle has one of the largest deep and broad databases on the non-public sectors. Private equity, hedge funds, startups. Dow Jones, globally, has a product known known as VentureSource. It does not have and Indian component or a vertical to it,” he said. “So, Dow Jones and VCCircle will kind of figure out the ways to do things together,” he added.
Disclosures: When it comes to tech news and tech related events, VCCircle and Techcircle may compete with MediaNama.