Sole Advisor to Mobilenxt on Its Strategic Alliance With Television Eighteen.
Mobile NXT closes its second round of funding; inducts TV18 as a strategic-cum-financial investor
MobileNXT Tele-services Pvt. Ltd., India’s first mobile retail chain, announced a participation in its equity by Television Eighteen India, one of India’s largest and fastest growing media companies and part of the Network 18 group, as a strategic-cum-financial investor. This is a first of its kind deal between a media power house and a mobile retail chain.
Avendus Advisors was the sole advisor to MobileNXT for the transaction. The funds will be used for the Company’s next phase of expansion. The Company plans to roll out 100 stores in multiple formats across different cities in India with a strong focus on Tier II, Tier III cities over the next one year. Over the next three years, its plan is to have 500 stores on the ground, towards achieving its vision of being a pan-India chain.
About MobileNXT Teleservices Pvt. Ltd. (“MobileNXT”) | Television Eighteen India (“TV18”)
MobileNXT Tele-services Pvt. Ltd set up in March 2006 is a one-stop shopoffering host of telecom related products and services with its headquarters in Bangalore. Aimed at becoming India’s largest chain of mobile stores, MobileNXT has been set up with a vision of revolutionizing the sale and post sale process of acquiring a mobile phone, mobile services, accessories and value added services. MobileNXT is aimed at reinvigorating the retail consumer experience in three areas – Store environment – Product, services and after sales support offerings, store personnel, Unique exchange program and strong one on one relationship including a call centre.
TV18 is a part of the Network 18 group, one of India's leading full play media conglomerates with interests in television, internet, filmed entertainment, mobile content and allied businesses. Through its holding in Television Eighteen India Ltd (TV18), Network18 operates India’s leading business news television channels - CNBC TV18 and CNBC Awaaz. It also runs India’s leading Internet Company Web18, as well as one of India’s leading real time news terminal providers, Newswire18. Through its holding in Global Broadcast News Ltd (GBN), Network18 operates in the general news and entertainment space with general news channels CNNIBN and IBN7, and has announced a joint venture with Viacom to be called Viacom18. This JV will operate the MTV, VH1 and Nickelodeon channels in India - as also Studio18, the Group’s filmed entertainment operation and will be launching a Hindi general entertainment channel. Additionally, Network18 holds the Group’s online & on-air retail venture, Homeshop18. The Group has recently announced forays, organic and inorganic, into event management, regional news and other areas.
Equity Capital Markets
USD 197 mn
Digital, Technology & Consumer
Avendus Capital advises Amagi Media Labs on their IPO of USD 197 mn
February 2026
REACH OUT
Get in touch with us
We believe in audacious goals and we are here to partner with you, every step of the way.
Explore how we can help your business scale
