How Network18 founder Raghav Bahl is building a digital media company
Does Raghav Bahl have a Second Act left?
Ever since he left Network18 more than a year ago, the first-generation entrepreneur best known for building one of India's largest media companies has generated considerable public interest.
Bahl founded Network18 in 1993 and over time launched an array of television channels including CNBC TV18, CNN-IBN, IBN7 and IBN Lokmat as well as some print and online publications.
That run ended relatively abruptly when he was forced to give up his media company to his creditor, Mukesh Ambani-controlled Reliance Industries Ltd, in May 2014.
Weeks after exiting Network18 with a rumored Rs 700 crore ($119 million) in his pocket, the 52-year-old floated a new media company as the primary investor. He named the venture Quintillion Media Pvt Ltd â€“ a cheeky move, for quintillion means 10 to the power of 18.
In the past year, Bahl and his wife, Ritu Kapur, have unveiled general-news website TheQuint.com. But, even as they try to make a go of The Quint, with what appears so far to be a Facebook-centric strategy, the duo have also been spreading their money â€“ and bets.