- TALi Digital (TD1) will receive an investment of up to US$7 million (around A$9.4 million) from Brand Capital International (BCI) to fund its commercial rollout in the Indian market
- BCI is the investment arm of The Times Group — India’s largest media conglomerate
- Under the agreement, The Times Group will directly market TALi’s children assessment tools through its media assets
- In exchange, BCI will invest an initial US$2 million (nearly A$3 million), receiving 81.8 million shares in TALi
- Notably, almost one in eight children in India between the ages of two and nine are estimated to have at least one neurodevelopment disorder
- On the market this morning, TALi is up 32.4 per cent and is trading for 4.9 cents per share
TALi Digital (TD1) could receive up to US$7 million (around A$9.4 million) from Brand Capital International (BCI) to fund its commercial rollout in the Indian market.
BCI is the investment arm of the Bennett, Coleman and Company (also known as The Times Group), India’s largest media conglomerate.
In October, TALi launched TALi DETECT and TALi TRAIN in India via the iOS and Android app stores. The new agreement will provide a platform for TALi’s products to be directly marketed through The Times Group’s media assets, which includes print, television, radio and digital channels in India.
TALi’s products are game-based tools that help assess children with learning difficulties.
Notably, almost one in eight children in India between the ages of two and nine are estimated to have at least one neurodevelopment disorder. India has the world’s second-largest middle-class population with approximately 340 million people and is set to surpass China in size by 2035.
BCI will invest an initial US$2 million (nearly A$3 million), receiving 81.8 million shares in TALi.
Any additional investments by BCI in TALi, which could total up to $US5 million, (nearly A$7 million) will be agreed upon by both parties.
“We are pleased to be partnering with BCI in the Indian market. TALi will leverage the BCI investment to expand in India through The Times Group’s 360-degree media assets, which includes popular print, television, radio and digital channels in India,” TALi Managing Director Glenn Smith said.
“This will provide significant exposure possible in growing the Indian market opportunity for TALi,” he added.
On the market this morning, TALi is up 32.4 per cent and is trading for 4.9 cents per share at 11:27 am AEDT.