eNews
HT Media acquires Mosaic Media Ventures
NEW DELHI: HT Media, today, announced is all set to acquire Mosaic Media Ventures, which was incorporated in the year 2007 and operates news platforms including VCCircle, TechCircle. It provides subscription-based research databases.
In a BSE filing, HT Media said, “The board of directors at its meeting held on 28 July 2020 accorded approval to invest up to Rs six crore post working capital adjustment and revenue linked milestones payment up to Rs one crore on a deferred basis, to acquire 100 per cent of paid-up share capital of Mosaic held by NWS Digital Asia PTE Ltd and News Corporation subject to finalisation of definitive agreements.”
According to BSE, the shares of HT Media was last trading at Rs 12.03 as compared to the previous close of Rs 12.52 and the total number of shares traded during the day was 13189 in over 60 trades. The stock has hit an intraday high of Rs 12.5 and intraday low of Rs 11.83. The net turnover during the day was Rs 1,60,971.
The acquisition will scale VCCircle and TechCircle to augment Mint’s tech and editorial capacities. Hindustan Times’ reach will be used to augment VCCircle event business and will help scale the database and research business. The company is said to complete the procedure before 30 August.
Mosaic’s turnover in FY20 was Rs 14.5 core.
Follow Tellychakkar for the consumer facing news & entertainment
eNews
Rapido launches zero-commission food delivery app Ownly in Bengaluru
New platform promises transparent pricing with no restaurant commissions.
MUMBAI: Rapido just served up a fresh order because when the food delivery menu gets too pricey, someone’s got to deliver honesty on a plate. Rapido has rolled out Ownly, its standalone zero-commission food delivery app, across Bengaluru, stepping into India’s fiercely competitive online food delivery space with a model built on price transparency and fairness.
Unlike conventional platforms that charge restaurants commissions and often lead to inflated menu prices or hidden mark-ups, Ownly levies only a straightforward delivery fee on consumers based on actual logistics costs. Restaurants can list everyday low prices without relying on deep discounts, giving them breathing room while keeping bills honest for users.
The launch is backed by a satirical courtroom-themed digital video commercial that takes aim at industry pain points hidden fees, misleading discounts and price manipulation before positioning Ownly as the transparent alternative. The film is live on Ownly’s Youtube channel.
Rapido and Ownly, founder Aravind Sanka said, “Food ordering has become an integral part of everyday life across India, not just in metros but in Tier 2 and Tier 3 cities as well. At Ownly, we see a strong opportunity to build a restaurant-first model that supports partners and caters to the evolving needs of customers. Transparency, honesty and fairness are key drivers of long-term growth for the sector.”
The Bengaluru rollout follows a pilot in Koramangala, HSR Layout and BTM Layout, where the team conducted consumer research and collaborated closely with restaurant partners to fine-tune the offering.
Ownly leverages Rapido’s existing hyperlocal logistics network to scale operations efficiently. By eliminating commissions and focusing on real-cost delivery fees, the platform aims to foster fairer economics for restaurants and more predictable pricing for consumers.
In a market where every rupee on the bill feels like a negotiation, Ownly isn’t just delivering food,it’s delivering a promise: no sneaky surcharges, no inflated prices, just straightforward bites at honest rates.
