Online news and views platform, YouthKiAwaaz has raised angel funding of Rs 4 crore from Quintillion Media, the cross-platform digital content venture founded by Raghav Bahl and Ritu Kapur.
BMR Advisors and Novistra Capital acted as the principal advisors for the transaction.
Anshul Tewari, founder of YouthKiAwaaz said,
“YouthKiAwaaz is a completely people-driven digital media platform. With veterans like Raghav Bahl and Ritu Kapur on board as partners, we feel both privileged and excited to start a new and even more adventurous phase in pushing this generation’s opinions to the front,”
The startup claims that its a completely crowdsourced digital media platform. According to the founder, the website receives over a million readers a month and has contributions from over 30,000 writers from across India and the world.
Ritu Kapur, co-founder of Quintillion Media said,
“In a short period of time, they have managed to carve a niche for themselves in the digital media space by creating a people-driven digital media platform. We find their content to be high on both appeal and quality, which is a fine balance to strike,”
This is the third investment by Quintillion Media which launched its operations this year, the other investment are Sheroes.in, a jobs and career community for women.
Raghav Bahl, founder and former managing director of Network18, said,
“Globally, the digital hand-held space is not more than two years old and we prefer early-stage deals, because it’s fun to grow alongside these opportunities,”
The last few months have seen funding around the digital media, with YourStory, another digital media company had announced that it raised funding, and iamWire has raised undisclosed amount in a funding round led by Beijing based investors.