B Saikumar takes controlling stake as Arre readies to launch

As a precursor to the launch of Arré, the founders have realigned their shareholding. B Saikumar, Managing Director and Co-Founder, has taken controlling interest in Arré, with Ajay Chacko continuing as CEO and Co-Founder. Sanjay Ray Chaudhuri (RayC), who was Co-Founder of TV18, has come in as Co-Founder in Arré.

Commenting on the development, Ronnie Screwvala said, “Arré is now all set to launch and all of us are tremendously excited about its potential and trajectory. I am pleased that Sai and team are taking a controlling shareholding in Arré and I will continue as an investor with a significant minority shareholding supporting the company and mentoring the leadership team.”

B Saikumar added here, “I am thrilled to welcome RayC aboard as Co-Founder and we are delighted and honoured to have Ronnie continue to guide us. The trailer to our first show, ‘I Don’t Watch TV’, is now out and we look forward to the launch of Arré in the next few weeks.”

Arré is the original content destination from UDigital, the digital media venture founded by Screwvala, Saikumar and Chacko.