Naman Ramachandran James Murdoch and Uday Shankar have formed Bodhi Tree, an investment platform financially supported by the Qatar Investment Authority (QIA) designed to invest in media and consumer technology opportunities in Southeast Asia, with a particular focus on India.
Murdoch set up Lupa Systems as a private holding company in 2019 following his departure as CEO of 21st Century Fox, Sky plc, and Star.
He subsequently quit as a director of News Corp. in July 2020. Shankar was formerly chair and CEO of Star India and president of Walt Disney Asia Pacific.
Last year, Shankar took a stake in Lupa.Bodhi Tree will be run by Murdoch and Shankar as co-chairs and QIA will commit up to $1.5 billion in the venture. “Bodhi Tree will leverage technology to provide disruptive solutions that drive transformational outcomes in sectors with deep consumer engagement — including media, education and healthcare — to positively impact millions of consumers across the region.
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