Company Name : ScoopWhoop
Funding Amount : $4 Million
Investor(s) Kalaari Capital . .
Funding Round : Not Disclosed
The fresh funds will be primarily used by ScoopWhoop to expand its video production unit, ‘ScoopWhoop Talkies’. However, the exact terms of the transaction were not disclosed.
According to the company, the funding will also be invested in hiring fresh editorial resources across beats for different publications.
“In the last 12 months we have grown almost 300%. We’ve managed to put a great team together, across portals, that drives almost 20 million unique visitors monthly. And, with this funding we look forward to being the number one digital media company in India by 2017,” said Sattvik Mishra, Co-founder, CEO, ScoopWhoop Media.