India: Shekhar Gupta’s The Print raises funds from Ratan Tata, Nandan Nilekani, Uday Kotak

India: Shekhar Gupta’s The Print raises funds from Ratan Tata, Nandan Nilekani, Uday Kotak

The anchor investors, including Ratan Tata, Nandan Nilekani and Uday Kotak, will hold close to 20% equity in Printline Media. The remaining stake will be held by The Print founder Shekhar Gupta (in photo). Photo: Mint

Editor-turned-entrepreneur Shekhar Gupta’s media venture Printline Media Pvt. Ltd has raised an undisclosed sum from investors including Ratan Tata, Uday Kotak and Nandan Nilekani, all of whom are putting money in the company in their personal capacity. The company will use the money to launch its news site The Print, a multimedia digital news platform, in the next three months.

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