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The Ken raises funding from Vijay Shekhar Sharma

funding-money

The Ken, a subscription based online media publication, has raised an undisclosed amount of funding from Paytm Founder Vijay Shekhar Sharma, which it disclosed as a footnote to a story today. Rohin Dharmakumar, co-founder at The Ken, speaking to MediaNama, said that the publications policy is to disclose investor names as and when when they do a story where disclosures are necessary. Today, the Ken did a story on Paytm competitor Snapdeal. Dharmakumar said that The Ken hasn’t yet closed their funding round, and declined to comment further. This investment had been disclosed in a previous story, but we had missed that.

Sharma was not in a position to comment at the time of writing this story, and we’ll update if we hear from him.

Also read: thoughts on funding for the digital media business

The Ken was founded by journalists Rohin Dharmakumar, Seema Singh and Ashish Mishra, and Deck App Technologies founder Sumanth Raghavendra, and has four other staff writers. The publication provides one original narrative story each day, kept behind a paywall; one story a week is made free to read, and it’s worth noting that Paytm was the launch sponsor of the weekly free story.

The Ken is also facing a defamation lawsuit, filed in Hajipur by former Jabong MD Praveen Sinha, for its pre-launch story on alleged transactions between Jabong, Gojavas and Snapdeal.

Vijay Shekhar Sharma’s Media investments

This is the latest in a series of online media investments made by Sharma, which include:

 

Recent funding in the online media space

Disclosure: some of these publications (The Ken, NDTV Gadgets 360, DealStreetAsia, FactorDaily and YourStory) may have an overlap with MediaNama’s coverage.

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