MensXP Founder Quits Mensa Brands to Launch Investment Fund
In a surprising move, Angad Bhatia, the founder of India Lifestyle Network (ILN), has decided to part ways with the company to pursue a new venture. ILN, which operates popular portals such as MensXP, iDiva, and Hypp, was acquired by Mensa brands in 2022. According to recent reports, Bhatia is set to launch his own creator-focused alternative investment fund.
The news was first broken by Inc42, which quoted Bhatia as saying that he is excited to take on this new challenge and explore opportunities in the creator economy. The ILN team will continue to operate under the leadership of other members, with Bhatia’s responsibilities being delegated to them.
This move comes as a surprise to many, given ILN’s successful acquisition by Mensa brands just two years ago. However, it is clear that Bhatia has always been passionate about entrepreneurship and innovation, and this new venture is a testament to his dedication to exploring new opportunities.
So, what does this mean for the creator economy, and what kind of investment fund can we expect from Bhatia? Let’s dive deeper into the story.
The Rise of the Creator Economy
The creator economy has been growing rapidly over the past few years, with more and more individuals turning to online platforms to monetize their talents and skills. This shift has given rise to a new generation of entrepreneurs, influencers, and creators who are building businesses around their passions.
As a result, investors and venture capitalists are increasingly looking for ways to tap into this market. Creator-focused investment funds are springing up left and right, with the goal of supporting and scaling these businesses.
What Kind of Investment Fund Can We Expect?
According to reports, Bhatia’s new investment fund will focus on supporting creators and entrepreneurs in the digital space. The fund will reportedly invest in startups and businesses that are building innovative solutions and products around the creator economy.
Given Bhatia’s background in the digital media space, it’s likely that the fund will focus on investing in companies that are building platforms, tools, and services for creators. This could include everything from social media management tools to content creation software to e-commerce platforms.
The Impact on ILN and Mensa Brands
The departure of Bhatia from ILN will undoubtedly have an impact on the company’s operations. As the founder and driving force behind the company, Bhatia’s departure will leave a significant void.
However, ILN has a strong team in place, and it’s likely that the company will continue to operate smoothly under the leadership of other members. In fact, Inc42 reports that Bhatia has given the ILN team his full support and will be available to provide guidance and advice as needed.
As for Mensa brands, the company has not made any official statement on Bhatia’s departure. However, it’s likely that the company will continue to operate ILN and its other portfolio companies as usual.
Conclusion
Angad Bhatia’s decision to quit Mensa brands and launch his own investment fund is an exciting development in the creator economy. As a pioneer in the digital media space, Bhatia has a unique understanding of the needs and challenges faced by creators and entrepreneurs.
His new investment fund is likely to have a significant impact on the industry, providing much-needed capital and support to innovative startups and businesses. We can’t wait to see what the future holds for Bhatia and his new venture.
Source:
https://inc42.com/buzz/angad-bhatia-quits-mensa-brands-to-start-new-venture/
