With masses becoming aware about the ingredients used to make personal care products, including soaps and shampoos, many homemade soap companies have gained traction.
Under the proposed arrangement, TV18, which runs news channels including CNBC TV18 and CNN News 18, broadband and television provider Hathway Cable and Datacom, and cable TV distribution company Den Networks will merge into Network18.
The brand's e-commerce push with a strong focus on building a strong consumer base and delivery network led to this jump, according to a report released by Deloitte India, a consultancy service company.
The firm raised $150 million from Softbank, last year in January, in the first tranche. The venture capital giant holds 46.6 per cent in the baby product retailer.
A user spent an average of 140 minutes on the streaming platform, watching television and film actor Vikrant Massey starrer Broken but Beautiful, murder mystery Chargesheet, and television actress Shweta Tiwari starrer Hum, Tum and Them among more than twenty original shows
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Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.