The capital will be invested in expanding the youth-centric media platform’s team as well as the tech and business model
BestMediaInfo Bureau | Delhi | September 8, 2015
YouthKiAwaaz, a media platform for the youth, has raised Rs 4 crore in an angel round from Raghav Bahl and Ritu Kapur-led Quintillion Media (publishers of The Quint, a diversified digital content platform).
YouthKiAwaaz is a completely crowd-sourced digital media company which aims to break the top-down, one-way approach of traditional media, making news creation and dissemination a collaborative/ community-led model. The website receives over a million readers a month, and has contributions from over 30,000 writers from across India and the world.
Commenting on the association, Anshul Tewari, Founder, YouthKiAwaaz, said, “The last one year has seen a sudden rise in digital news and opinion platforms. With millions of dollars pouring into new start-ups, the growth is phenomenal. However, similar to traditional media, digital media too seems to be veering away from being people-focused. YouthKiAwaaz, on the other hand, 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. The capital will be invested in expanding our team, tech and business model.”
Ritu Kapur, Co-Founder, The Quint, will join the board of the YouthKiAwaaz parent company, YKA Media.
Kapur commented, “We were impressed by the idea conceived by Anshul and the team in creating YouthKiAwaaz. In a short period of time, they have managed to carve a niche for themselves in the digital media space by creating a people-driven digital media platform. We find their content to be high on both appeal as well as quality, which is a fine balance to strike. We are confident that they will continue to grow to greater heights in the coming future.”
BMR Advisors acted as transaction advisors to Quintillion Media, while Novistra Capital acted as transaction advisors to YouthKiAwaaz.