Gadgets 360°, a technology-focused subsidiary of India-based media company NDTV, has raised an undisclosed sum from investors including mobile payment company One97 Communications, the Economic Times reported yesterday.
One 97, the parent company of mobile payment service Paytm, was joined in the round by Inflexionpoint, the venture capital firm founded by technology company Apple’s former chief executive John Scully, and various angel investors. It valued Gadgets 360° at approximately $50m.
Gadgets 360° operates an online site that reviews new devices such as smartphones, cameras and laptops, and provides news from a range of areas such as apps, games and science.
K S Bedi, chief technology officer of NDTV’s digital media subsidiary, NDTV Convergence, said: “I am personally very excited to have such great investors in Gadgets 360° and to leverage their experience in building this into a large and meaningful business in India and globally.”