Digital media in India (and Asia as a whole), is beginning to see money pouring in. While story-telling platform YourStory earlier nabbed close to $4 Million from numerous investors, iamWire, a blog writing on news and coverage of e-commerce, mobile, internet etc., has now raised undisclosed amount from a clutch of China-based investors.
The investment round is led by Beijing based Li Tao, Founder & CEO of APUS Group; Li Jian, Founder & CEO of Draphant Consultants; and other investors including, Nitin Garg, Saurabh Jain and Mohit Agarwal.
iamWire planning to use the raised capital to build scalable technology, helpful for startup founders. It is also planning to use a part of the fund to innovate content to further grow the community.
With this funding, it aims to create “a single platform for startup founders to get awareness, knowledge and fund raising support”. It plans to scale the existing features & roll out more features and products in the future, to render a seamless experience to users.
iamWire, founded in 2011 by Abhinav Dinesh Garg and Sugandh Dhawan, is an online portal which provides news, analysis and updates on digital business and technology. It is currently in talks with investors to raise Series A round of funding by October 2015.
Currently, it is a team of 15 members, and has written about more than 2,500 startups over the last 4 years. It claims that over 1,500 startups from around the globe have signed up on its startup database section.
Speaking on the market opportunity, Abhinav Dinesh, Co-Founder & CEO of iamWire said,
Witnessing the rise of cross geography transactions among either investor-to-startup or startup-to-vendor in the Internet Space, we believe iamWire can play a major role to bring together all key stakeholders in the Technology Space. Our vision is to help professionals understand and adopt technology innovation to its core to achieve scale in their respective businesses and careers.
While iamWire did not provide any specific growth numbers, it does have a decent viewership. It’ll be interesting to see how this investment pans out for iamWire, and all the more interesting to see the products which it plans to roll out.