One of India’s biggest music labels just bought digital media company Pocket Aces in a big transaction. What is it up to?
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VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.
Streaming platforms are cracking down on users sharing their accounts with others to improve subscriber numbers. But this is unlikely to lead to long-term growth.