YouthKiAwaaz, a popular online portal for news and opinions concerned and penned down by India’s younger generation, has raised Rs. 4 crore in angel funding from Quintillion Media, a digital media venture founded by Raghav Bahl and Ritu Kapur.
With fresh cash infusion in the company, it will expand its team and also its business model. It is also looking forward to boost its technology to better serve their readers.
Youthkiawaaz is a platform for young people to express themselves on critical issues. It aims to transform the media landscape through thoughtful stories, ideas and opinions contributed by their generation, and by making best use of online and mobile journalism, social and new media tools.
The company claims to be receiving about a million visitors monthly for the content written by over 30,000 contributors from around the nation.
This is the third investment of Quintillion Media which was founded in 2014 after Raghav Bahl sold his stake in Network18 to Reliance Digital which is estimated to be worth around Rs 700 crores. It usually invests around $1 million in each start-up.
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.
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-dri ven digital media platform. We find their content to be high on both appeal and quality, which is a fine bal ance to strike.
There have been activities in the online media segment in recent times. Recently, iamWire sold its stake to China-based investors while YourStory raised around $4 million in funding. Crowd-sourced movie review portal Clapsnslaps also raised $150K angel funding.