NDTV announces investment by One97 Communications (Paytm)

New Delhi Television announced that One97 Communications (owner of consumer brand Paytm) has invested into Gadgets 360 (an NDTV ecommerce venture). Gadgets 360 has raised funding at a valuation of close to 50 million USD. Other investors include Inflexionpoint (cofounded by John Scully, former Apple CEO), Pramod Bhasin ( Founder, Genpact), Sixth Sense Ventures (Founded by Nikhil Vora), Vindi Banga (Former Chairman, Unilever) and Hiro Mashita (Founder & Director, M&S Partners).

Meanwhile, the Company also announced the appointment of Bhawna Agarwal as the CEO of Gadgets 360.

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