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YourStory raises funds from Kalaari Capital, Qualcomm Ventures, T V Mohandas Pai, Ratan Tata

Internet media
company YourStory has raised an undisclosed amount of
funding in a Series A round led by Kalaari Capital and with participation from
Qualcomm Ventures, T V Mohandas Pai and Ratan Tata.

This is the
company’s first fundraise and YourStory will use the funds to launch a tech
portal that will publish original stories in various Indian languages starting
with Telugu, Bengali, Hindi, Marathi, Kannada and Tamil.

Internet media
company YourStory has raised an undisclosed amount of
funding in a Series A round led by Kalaari Capital and with participation from
Qualcomm Ventures, T V Mohandas Pai and Ratan Tata.

This is the
company’s first fundraise and YourStory will use the funds to launch a tech
portal that will publish original stories in various Indian languages starting
with Telugu, Bengali, Hindi, Marathi, Kannada and Tamil.

The company
mentions in
a post
that it will “give every Indian the power to tell their stories in
their own language through text, voice or video”, so it looks like users will
be able to sign up and write their own stories to contribute to the platform.

Over the past
year, a number of online media publications have seen tremendous growth.

In May, senior
Journalist and former Editor of The Hindu, Siddharth
Varadarajan, launched his website,
The Wire. 
Also, News Republic, the general news aggregator
site with 1,200 content partnerships globally, launched
its India edition
. In June, Rajasthan Patrika publisher The Patrika
Group launched its
first English news website called Catch.  

In March, Network18
Founder Raghav
Bahl launched his digital news venture
called Quintillion Media, which
incidentally means 10^18. Also, News
Corp bought Noida-based VCCircle
, which runs and opertates news sites
VCCircle.com and Techcircle.in, in addition to research platform VCCEdge,
VCCircle Training and an events business.

International digital
publications like The
Huffington Post
and Buzzfeed
also launched India editions last year.

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