You are here: Home » PTI Stories » National » News
Business Standard

TheNewsMinute raises funding from Quintillion Media

Press Trust of India  |  Mumbai 

TheNewsMinute.Com (TNM), a Bengaluru-based digital content platform with a special focus on the five southern states, has raised an undisclosed amount in an angel round of funding from Raghav Bahl and Ritu Kapur-led Quintillion Media, that publishes TheQuint.Com.

TheNewsMinute is run by journalist and author Chitra Subramaniam, former Times Now (South) Bureau Chief Dhanya Rajendran and Vignesh Vellore.

The platform hosts diverse content including breaking news, ground reportage, special features, analysis, opinion articles and blogs. It attempts to bring national reach to hyper-local stories from the south.

"The investment from Quintillion Media will enable us to focus on expanding our team, enhancing our technology, and marketing our content better to reach out to a wider audience.

"This will also help us in implementing a long-term business strategy," Vignesh Vellore, Co-founder of TheNewsMinute.Com said.

Going forward, TheNewsMinute will also be a premium digital advertising platform for brands, he added.

Ritu Kapur, Co-founder, The Quint, will join as a director on the board of Spunklane Media Private Limited, the parent company of TheNewsMinute.Com.

Quintillion Media recently tied up with Da Vinci, Germany, and launched a TV and digital platform for kids -- Da Vinci Quint -- in India.

In addition, Quintillion Media has also made angel investments in Sheroes, a women-centered community and job portal, and Youth Ki Awaaz, an online and views portal.

BMR Advisors acted as transaction advisor to Quintillion Media.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, December 18 2015. 14:48 IST
RECOMMENDED FOR YOU