Quintype Technologies, a SaaS startup that provides digital media publishers a platform to create, curate, distribute, and monetise content, has raised about $3.4 million (Rs 25 crore) in Series A funding from IIFL AMC, part of IIFL Wealth Management Ltd.
The Bengaluru-based startup plans to use the funds to further expand its operations and reach.
“Digital publishing has seen a fundamental shift in the last few years with most audiences seeking on-demand content with the proliferation of mobiles. We are happy to lead this change by creating and expanding this digital ecosystem and this investment by IIFL AMC is a step in that direction,” Chirdeep Shetty, CEO of Quintype, said.
Set up in 2014, Quintype had raised about $3.25 million from investors including media entrepreneur Raghav Bahl in 2015. The company counts publishers such as Bloomberg Quint, Prabhat Khabar, Bar and Bench, The Quint and Swarajya among its clients.
INDIA DEAL MONITOR
Here are 14 prominent venture capital transactions in India from August 30-September 1, 2020.