Bengaluru based digital publishing SaaS startup Quintype Technologies, has raised Rs 25 crore in Series A from IIFL AMC, part of IIFL Wealth Management.
Media entrepreneurs Raghav Bahl and Ritu Kapur, who had invested founding capital in the company, stated, “Quintype was born as a stand-alone, independent, arms’ length operation and its early successes are manifest in the 70 publishers from across the globe on it now. We are delighted that Quintype, with funding support from pedigree investors, is now ready to move on to big things in its next stage.”
It provides a platform to digital media publishers to create, curate, distribute and monetise content. Among clients the company counts publishers such as Bloomberg Quint, Prabhat Khabar, Bar and Bench, The Quint and Swarajya which use its platform to publish and distribute content.
Talking about the funding, Chirdeep Shetty, CEO of Quintype, said “Media companies and content creators across the world are moving towards a digital-first strategy and the current pandemic situation has only accelerated that shift. The team at Quintype has been focused on creating some of the best products for publishers and this will help us provide better support and expand our offerings to publishers globally. We do all the heavy lifting on the technology-end so that publishers can focus on creating the best content for their audience.”
Prashasta Seth, Senior Managing Partner of IIFL AMC said, “Quintype, with its suite of products, is set to accelerate the growth in digital content and publishing space. It enables more content creators to go digital easily and gives them the freedom to distribute, scale up and monetize their content using an intuitive product with hundreds of built-in features. We are happy to partner with a professionally-managed Quintype team backed by pedigree promoters who together make the best combination.
IIFL Seed Venture Fund – Series 2 was launched last June to back early-stage companies that are using technology to disrupt business processes. Quintype Technologies intends to use the funds to expand its overall operations and reach.