The Bengaluru-based startup, Quintype Technologies (1), provides digital media publishers a secure and sturdy platform. The SaaS startup curate and distribute while also monetizing the content. It has raised 25 crore INR in its series A funding round. The IIFCL AMC, part of IIFL Wealth Management Ltd, participated in the financing round. Chirdeep Shetty, Quintype CEO, elaborated on budget and stated that Media companies and content creators are now moving forward to digitalization. The current COVID-19 situation has further accelerated the digital-first shift.
Shetty added that Quintype is focusing on creating some of the best products for publishers. It would also help the team to provide better support while expanding their offering to publishers from all around the globe. The Quintype team is working hard to ramp-up their technology so the publishers can create the best content from their readers.
Quintype to Expand Its Operation and Reach
The SaaS startup is aiming to utilize the latest tranche to expand its reach and operations further. The company has various publishers, including Bloomberg, Quint, Bar and Bench, Prabhat Khabar, Swarajya, The Quint, as their clients.
The firm is ready to pace up its growth regarding digital content and publishing space with its product portfolio. It would enable more content creators to go digital quickly while also getting the freedom to ramp up and monetize their content. The creators can do so via an intuitive product with hundreds of features, says Prashasta Seth, Senior Managing Partner, IIFL AMC.
Raghav Bahl and Ritu Kapur, Media entrepreneurs, founding capital investors of the company, stated that Quintype was started as a stand-alone operation. The independent firm’s early success is now evident in the 70 publishers from all across the world. They added that Quintype is now ready to take on big things while moving towards the next phase, thanks to its pedigree investors.
Author: Rucha Joshi
Source : https://timesnext.com/quintype-receives-25-crore-inr-in-latest-funding-round/
Date : 2020-09-01T09:33:09.000Z