Ahmedabad-based digital media tech startup NewsReach on Monday announced that it has raised $150,000 in its seed round funding led by JITO Angel Network.
Other investors including CIIE Initiative startup Oasis, Omnivore VC’s Managing Partner Jinesh Shah, and ten-minute million challenge investors — including Sharan Aggarwal, Bipin Shah, Pranav Khanna, Siddharth Ladsariya, V C Karthik, Anup Mehta, and Taha Nabee who also participated in this round.
Founded in 2018 by Darshan Shah and Soniya Kundnani, the startup is creating a news ecosystem of original and hyper-local content by empowering the offline local news publishers/reporters to go online. The platform aims to enable numerous journalists to quote fair prices for their story with due recognition and help media organisations to have a consolidated platform to view and license the news stories without the need of an extensive on-roll manpower.
According to the startup, the company plans to utilise the fresh capital into expanding its offering to southern Indian languages, starting with Telugu.
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