India, Feb. 7 -- Angad Bhatia, the founder of India Lifestyle Network (ILN), is quitting the company to launch his own venture, sources said.

ILN, which operates MensXP, iDiva, and Hypp, was acquired by Mensa Brands in 2022. Bhatia plans to set up a creator-focussed alternative investment fund (AIF), the sources said.

The responsibilities of Bhatia will be delegated to other members in the ILN team, they added.

While Bhatia declined to comment on the development, a query mail sent to Mensa Brands didn't elicit any response till the time of publishing this story.

The development comes almost three years after Mensa Brands acquired ILN in 2022 for about $100 Mn from Times Internet. Inc42 exclusively reported about the acquisition then....