The Ken, a subscription based online media publication, has raised $400,000 in funding from individual investors including Aprameya Radhakrishna co-founder of TaxiForSure, Girish Mathrubhootham founder and CEO at Freshdesk, Pinstorm founder Mahesh Murthy, Shan Krishnasamy co-founder of Freshdesk, Paytm founder Vijay Shekhar Sharma and others.
Note that we had reported in November that the Ken had raised funding from Vijay Shekhar Sharma, disclosed as a footnote to a story on Snapdeal. It’s not clear if the current funding from VSS was includes that round, or has been raised fresh. 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.
Media company YourStory also raised $3 million with funding this week, in a fresh round of funding from existing investors Kalaari Capital Partners III LLC, Qualcomm Asia Pacific Pte Ltd, 3ONE4 Capital Advisors LLP and UC-RNT Fund, reports Vccircle.
Note that the company had previously 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. Subsequently, the company acquired Papyrus Editor, an online e-book editing and publishing platform for an undisclosed amount in an all cash and stock deal
Founded in 2008 by Shradha Sharma, YourStory currently operates the platforms HerStory, SocialStory, YourStory Research, MobileSparks, TechSparks andYourStory pages among others.
Recent funding in the online media space
– Newslaundry, in February 2016, announced raising of an undisclosed amount of funding from Omidiyar Networks (which took 18.4% stake), and “Vikram Lal, Mahesh Murthy, Abhijit Bhandari and Shashank Bhagat (through United India Periodical Pvt Ltd)”.
– YouthKiAwaaz raised Rs 4 crore from Raghav Bahl’s Quintillion Media in September 2015.
– ScoopWhoop raised $4 million from Kalaari Capital in November 2015.
Disclosure: some of these publications (The Ken, NDTV Gadgets 360, DealStreetAsia, FactorDaily and YourStory) may have an overlap with MediaNama’s coverage.