BANGALORE:
Digital media venture DEALSTREETASIA has raised an undisclosed amount
of seed funding from Paytm's founder Vijay Shekhar Sharma and Singapore
Angel Network, the angel investment arm of the multi-billion dollar
Thakral group of companies. DEALSTREETASIA is an Asia-focused financial
deals portal.
India's Hindustan Times Media Group (HTMG) has also participated in this round which comes ahead of a larger Series-A round of venture funding expected to be closed in the first quarter of next year, a statement from the company said. HTMG, as part of deal, will collaborate with DEALSTREETASIA and share content and resources with the group's business daily Mint in India and Singapore.
India's Hindustan Times Media Group (HTMG) has also participated in this round which comes ahead of a larger Series-A round of venture funding expected to be closed in the first quarter of next year, a statement from the company said. HTMG, as part of deal, will collaborate with DEALSTREETASIA and share content and resources with the group's business daily Mint in India and Singapore.
The funds would be used to strengthen its existing teams in India and South East Asia and expand its operations to Hong Kong and China. It is also working to launch a deal analytics and data platform which will focus on building a startup database in the region and track companies that have secured funding, the company said in a statement.
"We plan to go to China next with outposts in Hong Kong, Shanghai and Beijing, and also expand to Japan and Australia, and become a pan-Asia player. In 2016, we will also launch DEALSTREETASIA Analytics, a research, deal intelligence and origination platform that will create and mine data to give deal engineers cutting edge information across Asian markets." said DEALSTREETASIA's founder and editor-in-chief Joji Thomas Philip.
Started in May 2014, the Singapore-based digital media venture entered India in September this year followed by Myanmar. It currently has presence in eight countries including India, Singapore, Malaysia, Indonesia, Thailand, Vietnam, Philippines and Myanmar. A slew of digital media properties including Schoopwhoop, Yourstory, Inshorts among others have received venture capital funds as investors look to back internet and mobile first news platforms.
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