DFJ and NEA-IndoUS Ventures have invested $6mn in Pressmart, a print-to-digital service present in 35 countries
serving over 350 print media customers.
Pressmart’s strong SaaS based ePublishing and Digitization services have helped the company gain rapid recognition worldwide, coupled with a unique 360-degree service, that offers ePublishing, delivery, hosting, subscription management, online payment, ad serving and user intelligence.
According to industry estimates, the worldwide print readership is in excess of 1.4 billion readers daily and the worldwide publications (including daily, weekly, monthly, quarterly, annual, large newspapers, community publications, journals, etc.) is in excess of 1.62 million. In India alone there are over 150,000 publications registered with RNI
DFJ’s Sateesh Andre and NEA’s Vinod Dham will join the board.
This is surely an important development for the digital world as the distribution channel is becoming more diversed (right from Web, Mobile, RSS, Podcast, Blogs, Search Engines, Article Directories and Social Networking Sites) and digitized content is gaining popularity across the world.