Raghav Bahl’s Quintillion Media invests in YouthKiAwaaz

The online news and views platform YouthKiAwaaz has received a funding of Rs 4 crore from Quintillion Media. Founded by Raghav Bahl and Ritu Kapur, Quintillion Media is a cross-platform digital content venture.

As reported by The Economic Times, the media firm is planning to use the funds in expansion of its business model, team and also to revamp the current technology it is using.

YouthKiAwaaz founder Anshul Tewari has said, "YouthKiAwaaz is a completely people-driven digital media platform. With veterans like Raghav Bahl and Ritu Kapur on board as partners, we feel both privileged and excited to start a new and even more adventurous phase in pushing this generation's opinions to the front."

As per Tewari, the website receives over a million readers a month and has contributions from over 30,000 writers from across India and the world.

"In a short period of time, they have managed to carve a niche for themselves in the digital media space by creating a people-driven digital media platform. We find their content to be high on both appeal and quality, which is a fine balance to strike," said Kapur, co-founder of Quintillion Media.

BMR Advisors and Novistra Capital acted as the principal advisors for the transaction.

Quintillion Media, which was founded in late 2014 and launched operations in March this year, has made a couple investments earlier as well. In August, it backed Sheroes.in which is a jobs and career community for women.

"Globally, the digital hand-held space is not more than two years old and we prefer early-stage deals, because it's fun to grow alongside these opportunities," said Bahl.

Quintillion Media usually looks to invest about $1 million (Rs 6.6 crore) each in start-up ventures, he said.

Bahl, the founder and former managing director of Network18, sold stake in the company to Mukesh Ambani-led Reliance Industries in May 2014 in a deal that reportedly earned him Rs 700 crore. Network18 competes with The Times Group, the publisher of The Economic Times.

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