Bangalore-based Quintype has raised $3.25 million in a round of funding from Raghav Bahl and other unnamed investors, reports Vccircle. The startup will use the funds for expanding its sales and engineering teams in both, Bangalore and California.
Quintype is a product of Bahl’s own Quintillion Media, the platform which also runs the mobile focused digital venture The Quint. The Quint went live in March this year, after it had started publishing stories on Facebook as a preview to the new service in February, and publishes content on various topics like politics, technology, entertainment, business and sports. Quintype on the other hand, is looking to beat WordPress at its own game.
The platform offers a software-as-a-service based product for publishers to manage editorial assignments & collaborating editing, publish to various formats including mobile phones, tablets, desktop and develop apps for iOS & Android. Other features include predictive analytics for scheduling articles, reader management, social media integration, content recommendation engine and an integrated ad engine among others. The platform also offers product placements for affiliate marketing and onsite transactions.
YouthKiAwaaz investment: Earlier this month, online news and views platform YouthKiAwaaz raised Rs 4 crore (~$600k) in a round of seed funding from Raghav Bahl led Quintillion Media. Founded by Anshul Tewari, YouthKiAwaaz claims to completely crowdsource its content. To contribute content, users only need to sign in using Facebook, Google+ or Twitter after clicking on the submit link.
Developments in digital publishing & online media:
– In December last year, digital publishing firm Newgen KnowledgeWorks secured $32.8 million from the Carlyle Group in return for 54.85% stake in the company. Carlyle mentioned then that it acquired the stake owned by Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital in the company. Note that Carlyle had earlier exited from Newgen by selling its majority stake to these three investors in July 2011.
– Earlier in October, Bangalore-based publishing services firm MPS acquired editorial and content creation firm EPS in New York. The terms of the deal were undisclosed but MPS had said this move will strengthen its position in North America and help develop a portfolio for the education publishing market.
– Last month, media company YourStory 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. The company said it would use the funds to launch a tech portal that would publish original stories in various Indian languages starting with Telugu, Bengali, Hindi, Marathi, Kannada and Tamil.
– The same month Growthword Digital Private Limited, the holding company of technology news portal iamWire raised an undisclosed amount of funding from China-based investors and high net worth individuals in India. The company said it would use the funds for building scalable technology for startups, while a part of the funds will also be utilized to innovate on content to further grow the community.
– In March, News Corp acquired the specialty media business VCCircle for an undisclosed amount. According to filings with the Registrar of Companies, Mosaic Media Ventures had raised Rs 1.48 crore in FY12 from 9 investors, including Gulu Mirchandani, Gopal Srinivasan, Shantanu Surpure, Arun Duggal, Suresh Shanmugham, Ashit Ranjit Lilani, Suresh Raju, Siddharth Mehta, and Essay Commercial Services (which put in Rs 50 lakh).
– 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.
– In 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 Catch would report on everyday policies and events with a focus on public interest.