Media company YourStory has raised an undisclosed amount of funding in a Series A round of funding led by Kalaari Capital and with participation from Qualcomm Ventures, T V Mohandas Pai and Ratan Tata. This is the company’s first fundraise. YourStory will use the funds to launch a tech portal that will publish original stories in various Indian languages starting with Telugu, Bengali, Hindi, Marathi, Kannada and Tamil. The company mentions that it will “give every Indian the power to tell their stories in their own language through text, voice or video”, so it looks like users will be able to sign up and write their own stories to contribute to the platform. However, the platform also mentions that it will have a team to create content, so its not clear what kind of publishing structure it will follow. Founded in 2008 by Shradha Sharma, YourStory currently operates the platforms HerStory, SocialStory, YourStory Research, MobileSparks, TechSparks andYourStory pages among others. Over the past year or so the number of digital only media publications in India has grown exponentially. Some of these include: - In May, former editor of The Hindu Siddharth Varadarajan and one of the founding editors of DNA Sidharth Bhatia launched an online news publication called The Wire. The platform had said then that it was looking to raise Rs 10-12 crore in the next six months. – The June, Rajasthan Patrika publisher The Patrika Group launched its first English news website called Catch, a month after it announced it would. The Patrika Group claimed that…
