Jaipur-based Blue Box Media Pvt Ltd has raised an undisclosed amount of angel funding led by Mahavir Pratap Sharma, founder and director of Oscar Exports, the company’s top executive told DEALSTREETASIA.
Ajay Data, CEO of Data Infosys, also participated in the round along with existing investors, Blue Box Media founder Pawas Jain said.
The company raised around Rs 1 crore ($150,000) in the fresh round, a source close to the development said while Jain did not comment anything on the deal amount.
Founded in 2011, Blue Box Media owns and operates two platforms- The Tech Portal and Springtide. The Tech Portal organises bi-annual flagship event, where shortlisted startups get an opportunity to make an elevator pitch to leading investors. Springtide is a small online flipbook style magazine for young writers.
Yogesh Choudhary, director at Jaipur Rugs; Siddharth Agrawal, CEO of Silkasia; Puneet Mittal, co-founder of Pratham Software and Sanjay Yadav, founder of 100 Cofounders Lab had put in money in the company’s seed round in 2014. They all are the members of Rajasthan Angel Investor Network (RAIN).
The company will use the funding to expand its technology and editorial teams, and for marketing the mobile app of The Tech Portal. It will invest more into video content and for expanding into South East Asia going forward.
Blue Box Media is one of the more prominent startups from Jaipur. Its Tech Portal gets around three lakh page views every month and aims to reach a milestone of 10 lakh by end of this year.