Delhi based Online Business Media Platform Pixr8 News has raised 2.5 Million Seed Funding From an Angel Investor.
The digital media house plans to use the newly raised funds in expanding its customer base, acquiring readership and hiring new talent that could boost its market reach and business operations. Currently, with offices in Lucknow and Delhi, the organisation has helped many leading Global Companies, SMEs & Startups to promote their brand, business & portfolio.
Confirming on the latest funding round, Mr Nitish Singh, CEO and Founder at Pixr8 News said, “We feel lucky to have raised seed funding at such a crucial juncture. We now aim to use the latest funding for company expansion in India and Internationally.
Founded in 2014 by Mr Nitish Singh, Pixr8 News is an emerging digital media platform for Business and Startups & SMEs. As a global leading media company, Pixr8 has already connected 3000 Startups, SMEs, and 500 enterprises to reach their target audiences and communities across the globe and is committed to doing more with its dedicated team of experts.
While talking of future strategy and Pixr8’s USP in the sector, Mr Nitish Singh further added,
Unlike traditional players in our industry, our tech-driven approach to publishing has been key to our growth during such challenging times in digital media. We are clearly focussed at the intersection of platforms, publishers and communities. The new funding enables us to leverage this differentiated approach to efficiently scale into new markets like middle east, USA etc.
Notably, the platform is involved in content development for editorials, social media pages, websites keeping users abreast of the latest happenings and events across diverse categories. It also has tie-ups with renowned international brands and covers news in the international category for its readers.
Additionally, digital media industry in India is growing at an impressive rate in India. According to the latest report by CII-BCG, the Indian media and entertainment (M&E) industry would nearly double in size by 2022, clocking 11-12 per cent CAGR between 2016 and 2022. The industry would also be able to generate direct and indirect employment of 4 million people in the next four to five years.
Hence, in such a booming scenario with expansion on its cards, Pixr8 Media was looking for the right push and the latest investment might be just the go-ahead for the platform to outshine in the dynamic media industry.