The Economic Times: Ishan Raina, chairman and partner of Euro RSCG, has joined private equity fund 3i as ‘entrepreneur in residence’. Raina is expectedto focus on starting new ventures in new media and the out-of-home space which will be funded by 3i, says the report. 3i would be looking at funding close to $20-40 million in Raina’s new ventures.
Raina, who holds 40 per cent in Euro RSCG India, will however continue as the chairman of the agency. He was responsible for turning around Contract Advertising, and left the agency to set up Euro RSCG’s India operations in November 1995 as founder and CEO.