Top Story

e4m_logo.png

Home >> Digital >> Article

Shekhar Gupta's The Print concludes first round of investor funding

12-July-2017
Font Size   16
Shekhar Gupta's The Print concludes first round of investor funding


Printline Media, a venture founded by Shekhar Gupta, has announced the conclusion of its first round of funding with a stellar list of investors.


NR Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkatraman, Karan Bhagat and Yatin Shah are eminent investors in the venture.


Printline Media will publish The Print, a multi-media, mostly digital news platform. Widely respected and accomplished journalist Pranab Dhal Samanta is its editor.


The Print is built on three central beliefs. First, that there is a large and growing audience of curious, critical, aware and questioning Indians who value the news they need, from the names they trust. 


Second, there exists a wide philosophical and intellectual space that is socially and economically liberal and not doctrinaire Left or Right. A space for non-hyphenated liberalism.


And third, there is no contradiction between good journalism and the market-place.


This opens possibilities across platforms for serious, substantive and probing journalism, with a formidable opinion punch.


“We at The Print are gratified that people of such eminence have backed this idea,” said Shekhar Gupta. “All of them have brilliant track records as entrepreneurs and take their money seriously. This gives a special edge to their endorsement at this early stage.”


BMR Advisors and KLaw acted as transaction and legal advisors, respectively, for the raise.


 

Tags paytm Shekhar Gupta

Sidharth Gupta, Co-founder, Treebo talks about their outdoor campaign ‘Perfect stay or don’t pay’, what prompted this bold advertising move, its targeting, and the metrics that the brand utilizes to measure the efficacy of such a campaign

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

The announcement regarding this was made on Twitter by Sukumar Ranganathan, Editor-in-Chief, Hindustan Times, and Shekhar Gupta, Founder, The Print

The website promises to bring fast, reliable, insight-rich analysis in times when the readers are flooded with ‘breaking news’, and great conversations among an elite community of opinion leaders

The network has based its claim on Broadcast Audience Research Council (BARC) all India data (U+R) from April 2017 to March 2017 (full year average)