2014-12-22

Rupert Murdoch\'s News Corp acquires Indian startup BigDecisions.com

The acquisition of BigDecisions.com includes the site’s parent company, FinDirect Services.

Rupert Murdoch\'s News Corp acquires Indian startup BigDecisions.com

News Corp recently announced that it has acquired BigDecisions.com in India, which helps consumers make their financial decisions smart financial decisions through interactive, decision-making tools powered by sophisticated algorithms and data.

Its mission is to provide a platform to deliver unbiased information and analysis to consumers on topics ranging from life and health insurance and retirement planning to providing for a child’s education or buying and renting real estate

"Our latest investment builds on our abiding belief that a digital India needs more trusted, reliable and independent data,” said Robert Thomson, Chief Executive of News Corp. "BigDecisions.com will help Indians make the most important decisions by using accurate information tailored to their personal needs.  This platform will be high quality, privacy-protected and easy-to-use.”

Started in early 2013 by Manish Shah and Gaurav Roy, and operating until recently as bigdecisions.in, the BigDecisions.com platform has already helped some 40,000 users make better-informed decisions. Following the acquisition, both co-founders will help oversee a significant expansion of the Mumbai-based BigDecisions.com team as well as its consumer offerings. Both will report to Raju Narisetti, News Corp Senior Vice President, Strategy.

The acquisition of BigDecisions.com includes the site’s parent company, FinDirect Services Pvt Ltd.

News Corp’s investment follows its announcement in November that it had acquired a 25% stake in PropTiger.com, a leading residential real estate platform that also provides accurate and independent data and information to India’s homebuyers. News Corp’s other operations in India include Dow Jones, The Wall Street Journal, Factiva and HarperCollins Publishers businesses. 

Shah, an alumnus of IIM Ahmedabad, spent a decade with Citigroup in India and the US, in a wide range of roles in the unsecured lending, wealth management and mortgage businesses. In his last role, he was head of new initiatives with AEGON Religare Life Insurance.

Roy is an alumnus of IIT Bombay and XLRI Jamshedpur, with diverse experience across management consulting, financial services and technology. He has worked at Arthur Andersen, KPMG, Wipro, Bharti AXA, and AEGON Religare.
 

Related opportunities
  • Sassafras brings a magnificent collection of Women’s clothing closer to..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    At "Tummy Tales," Chennai Food Company has set the standard..
    Locations looking for expansion Tamil nadu
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chennai Tamil nadu
  • Professional Education Colleges
    Imarticus Learning is a leading Edtech company in India, offering..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2021
    Investment size Rs. 5lakh - 10lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Department & Convenience Stores
    We aspire to revolutionise young India's entrepreneurial landscape by establishing..
    Locations looking for expansion Karnataka
    Establishment year 2021
    Franchising Launch Date 2022
    Investment size Rs. 10lakh - 20lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads