Ventureland Asia acquires MW.Com
Mumbai-based venture capital company Ventureland Asia Advisory Services has acquired the controlling stake in MW.Com India Pvt Ltd, the publisher of magazines like Rolling Stone India and MW (Man’s World). MW.Com Pvt Ltd (MCPL) was till recently owned by the publishing company Spenta Multimedia Pvt Ltd. MCPL has published Rolling Stone India since 2008. Rolling Stone India is the Indian edition of Rolling Stone, the world’s biggest music and pop culture magazine. MW, which is in its 21st year, is India’s first men’s lifestyle magazine.
According to a release from the company, Ventureland Asia plans to use its strong presence in areas of marketing, brand building, visual communications, and new-age technology to chart an omnichannel digital-oriented growth strategy for Rolling Stone India and MW. This has been an active year for Ventureland Asia’s business in India. It acquired a 40 percent stake in Revenant Esports, the fastest-growing gaming company in India.