New York based business house, News Corp has acquired BigDecisions.com, a Mumbai based financial education website, which includes site’s parent company FinDirect Services Pvt. Ltd.
Bigdecisions.com started in early 2013 by Manish Shah, an alumnus of IIM Ahemedabad and Gaurav Roy, an alumnus of IIT Bombay and XLRI Jamshedpur. Both co-founders will help News Corp to oversee significant expansion of Bigdecisions.com team in Mumbai as well as its consumer offerings.
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 in India.
News Corp’s other operations in India include Dow Jones, The Wall Street Journal, Factiva and HarperCollins Publishers businesses.
“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.”
News Corp is a global, diversified media and information service company focused on creating and distributing authoritative and engaging content to consumers throughout the world.
The company comprises businesses across a range of media, including: news and information services, book publishing, cable network programming in Australia, digital real estate services, digital education, and pay-TV distribution in Australia.
Financial details of the acquisition were not disclosed.