TheNewsMinute.Com (TNM), a Bengaluru-based digital content platform with a special focus on the five southern states, has raised an undisclosed amount in an angel round of funding from Raghav Bahl and Ritu Kapur-led Quintillion Media, that publishes TheQuint.Com.
TheNewsMinute is run by journalist and author Chitra Subramaniam, former Times Now (South) Bureau Chief Dhanya Rajendran and Vignesh Vellore.
The platform hosts diverse content including breaking news, ground reportage, special features, news analysis, opinion articles and blogs. It attempts to bring national reach to hyper-local stories from the south.
"The investment from Quintillion Media will enable us to focus on expanding our team, enhancing our technology, and marketing our content better to reach out to a wider audience.
"This will also help us in implementing a long-term business strategy," Vignesh Vellore, Co-founder of TheNewsMinute.Com said.
Going forward, TheNewsMinute will also be a premium digital advertising platform for brands, he added.
Ritu Kapur, Co-founder, The Quint, will join as a director on the board of Spunklane Media Private Limited, the parent company of TheNewsMinute.Com.
Quintillion Media recently tied up with Da Vinci, Germany, and launched a TV and digital platform for kids -- Da Vinci Quint -- in India.
In addition, Quintillion Media has also made angel investments in Sheroes, a women-centered community and job portal, and Youth Ki Awaaz, an online news and views portal.
BMR Advisors acted as transaction advisor to Quintillion Media.
