Printline Media Pvt Ltd, a venture founded by Shekhar Gupta, has announced the conclusion of its first round of funding with a stellar list of investors. N.R Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkatraman, Karan Bhagat and Yatin Shah are eminent investors in the venture.
The company will publish ThePrint, a multi-media, mostly digital news platform, with Pranab Dhal Samanta as its editor.
“We at ThePrint are gratified that people of such eminence have backed this idea,” said Shekhar Gupta. “All of them have brilliant track records as entrepreneurs and take their money seriously. This gives a special edge to their endorsement at this early stage.”
BMR Advisors and KLaw acted as transaction and legal advisors, respectively, for the raise.