Top News

ScoopWhoop raises $4 million from Kalaari Capital

  • Internet media and
    news start-up ScoopWhoop Media has raised $4 million from Kalaari Capital, the
    Mint reported. The funds will be used to
    fund the expansion of ScoopWhoop talkies, its video production unit.
  •  
  • The company, which was
    • Internet media and
      news start-up ScoopWhoop Media has raised $4 million from Kalaari Capital, the
      Mint reported. The funds will be used to
      fund the expansion of ScoopWhoop talkies, its video production unit.
    •  
    • The company, which was
      launched in 2013 and focuses on young audience in India, raised $1.5 million in
      September 2014 from Ignite World, earlier known as Bharti Softbank. The
      India-focused entertainment outlet had sold 36.5% stake in November 2014 to
      Bharti SoftBank (BSB), a joint venture between Bharti Enterprises and Softbank
      Corp.
    •  
    • ScoopWhoop said it
      plans to invest in hiring editorial resources across beats for different
      publications, and aims to set up a sales and native content team. It claimed
      around 20 million unique visitors, 70 million page views, 30 million social
      engagements and over 10 million video views per month.
    •  
    • “In the last 12
      months we have grown almost 300%. We’ve managed to put a great team together,
      across portals that drive almost 20 million unique visitors monthly. And with
      this funding, we look forward to being the number 1 digital media company in India by 2017,”
      Sattvik Mishra, ScoopWhoop CEO, said in a statement.
    •  
    • Online news and media
      portals have attracted investor attention given the rise in the consumption of
      online content. Earlier this month, POPxo (Luxeva India Pvt Ltd), a digital
      media publication on women’s fashion, beauty and lifestyle, raised $2 million
      in funding led by IDG Ventures, Kalaari Capital and 500 start-ups.
    •  
    • YKA Media Pvt Ltd,
      which runs online media platform YouthKiAwaaz, has also raised approximately
      $600,000 from former CNBC TV18 chief Raghav Bahl and Ritu Kapur-led Quintillion
      Media.

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close