BlackRock and Goldman Sachs-backed media startup Minute Media , which owns properties like Sports Illustrated, The Players’ Tribune, and 90 Minutes, announced Monday that it is acquiring VideoVerse, an Indian AI startup that lets broadcasters extract highlights and create content from sports footage. VideoVerse’s clients include the Indian Premier League and Women’s Premier League Cricket tournaments, FIFA+, and broadcasters Nippon TV and Cubber TV.

Mumbai-based VideoVerse was founded in 2016 by Vinayak Shrivastav. The company is backed by Bluestone Equity Partners, A91 Partners ( a fund by former Sequioa India execs ), and Moneta Ventures, and have raised $105 million in funding to date.

While Minute Media or VideoVerse didn’t provide a valuation for the deal, sources told TechCru

See Full Page