eNews
Ronnie Screwvala bets big on Oximity
MUMBAI: Entrepreneurs Ronnie Screwvala, Krishnan Ganesh, Sashi Reddi and Anand Ranganathan have co-invested in Oximity, a unique news website that crowd-sources opinions and developments on social and economic issues at a global level. The four Indian investors have jointly co-invested to raise the seed round of $620,000 for this innovative crowd sourced news website.
Oximity goes beyond commercial concerns and concentrates on the latest trends like social, mobile, location based services, cloud computing and big data. “For Screwvala, Ganesh, Reddi and Ranganathan investing in Oximity and actively supporting it with personal networks is a validation of the website’s attempt to bring in systemic change in the news industry,” said the company statement.
“The news media landscape is shifting rapidly, and in a few years there will be an entirely new set of players dominating this space. We believe Oximity has the potential to be one of such dominant players,” said Ronnie Screwvala.
“The paradigm shift that Oximity is planning is huge. There is a clear and present need to replace the Buzzfeed generation with meaningful journalism direct from the source. Oximity’s focus on pertinent news from the community is much-needed and I’m excited to see this collaborative platform grow,” added K Ganesh.
With its modus operandi of crowd-sourcing news, Oximity aims to transform the traditional top-down structure of news media with a bottoms-up approach in writing, reporting, editing and distributing news. By allowing people and organisations to report their news in over 180 languages, and facilitating automatic as well as manual translation, Oximity is removing language as a barrier to the flow of news information globally.
Additionally, it is partnering with various existing user generated news networks worldwide to create one large network of self-empowered news writers and readers.
“We believe all human beings are equal, without exception. The disenfranchised can now have a voice, on a level playing field with the already empowered. And users get to set the news agenda, instead of a few people who run global news media organisations”, said Oximity co-founder Sanjay Goel.
The website has more than 8,000 likes on Facebook and over 6,000 followers on twitter. This only goes on to say that there is space for such news websites where common man becomes the source!
eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
