wordpress blog stats
Connect with us

Hi, what are you looking for?

Silly Monks acquires 51% stake in Chintala Sports

Hyderabad based digital media firm Silly Monks has acquired a 51% stake in Chintala Sports Private Limited for an undisclosed amount, reports the Economic Times. The financial details of the acquisition were not available. We have reached out to Silly Monks and will update this when we hear from them.

Silly Monks, which opened its IPO early this year, had previously expressed its desire to expand its product catalogue and presence pan-India. However its foray into sports comes as a surprise. The company may be looking at getting broadcast rights or streaming or possibly doing digital outreach for Chintala Sports. The sports company is the curator of Telangana Premier Kabaddi League. It seems that Silly Monks was either a media partner or a sponsor in the TPKL which took place in January this year, as seen in this YouTube video.

Incorporated in 2013, Silly Monks is a startup which focuses on digital media publishing, movie/content production, celebrities social media management, app development, audio content Distribution, Google Ad words and digital Advertising, event management, and live band performances.

In June, the company reported a consolidated revenue of Rs 15.76 crore in the fiscal year 2018, up 31% as compared to Rs 12 crore in FY 2017.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Digital news outlets have until October 15, 2021 to reduce their foreign investments to 26%, the Ministry of Information & Broadcasting announced on Monday....

News

The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...

News

News aggregators will have one year to make sure that their foreign direct investment doesn’t exceed 26%, the government said in a “clarification” issued...

News

Facebook has told the Competition Commission of India (CCI) that its investment in Jio Platforms will involve the transfer of only “limited data”. Facebook...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ