NewsReach, an Ahmedabad-based digital media tech startup has achieved a major milestone in their journey as they were selected amongst the top 15 winners of Startup Stairs initiative ‘Growth Acceleration Program with 4i’. As part of this initiative, NewsReach was awarded seed funding of 1 crore.
NewsReach enables content creation, licensing & distribution. It has also founded India's first local news community, which is empowering vernacular hyper-local publications. NewsReach was awarded by Mr. Tejasvi Surya, a Member of Parliament. This innovative startup is revolutionizing content marketing with their advanced 360-degree tech platform.
Startup Stairs is an accelerator that empowers promising startups, MSMEs and aspiring entrepreneurs by providing them mentoring services to accelerate their growth. The start-up recently announced the winners of its 'Growth Acceleration Program with 4i', under the aegis of National Skill Development Corporation (NSDC)supported by Startup India. An esteemed jury selected 15 leading edge companies who have each been awarded seed funding ranging from Rs 25 lakhs to 5 crores.
Darshan Shah, Co-founder and CEO, NewsReach said “Currently, the advertising industry is highly reliant on search and display advertising provided by industry giants namely, Google and Facebook which offers limited engagement and ROI. There is no dedicated solution for brands to reach the 500M+ users from tier 2 cities and beyond. With our tech platform, brands get an opportunity to explore Advertorial and sponsored content as a form of advertising to reach local audience. The funding we have received from Startup Stairs has made NewsReach fully subscribed in the current round of funding”.
Preet Sandhuu, Director of Startup Stairs, “ We envision a startup ecosystem that incorporates Aadhaar-linked digital verifications to combat potential risk and build brand integrity. This innovative method will allow startups to reach out on a larger scale with greater trustworthiness in the global market”.
India's startup sector is increasingly attractive to domestic and international investors, fueled by the Government’s initiatives. Growth accelerators and incubators have proven invaluable as catalysts for growth, helping startups achieve scale swiftly through expert advice and extensive networks.
As reported by Nasscom & Zinnov, these startups have seen tremendous growth over a 6-year period - ballooning from 7,000 in 2014 to 50,000 as of 2020. From technology, media and e-commerce through healthcare to finance; entrepreneurs are paving their way into India's future success thanks largely due to increasing accessibility of venture capital amongst other incentives. Programs such as Startup Stairs are valuable resources that arm entrepreneurs with knowledge gleaned from years of experience in performance-driven environments.
About NewsReach
NewsReach helps digitally transform and partner with publishers, newspapers, reporters, and PGCC’s from rural and urban areas and helps them globalize their reach and monetize their content.
NewsReach is working towards building news ecosystem 2.0 where the hyper-local content reaches a global audience and the local publishers get the complete worth of the authentic content they report.
Startup Stairs was founded with a singular purpose — support and empower the evolution of startups to make them create employment, wealth, and a resilient economy.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
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