17 January 2017, India:
SaaS cloud-based marketplace Oi Media has raised an undisclosed amount of seed funding in its latest round led by Early stage VC fund Quarizon. Alok Kumar Goel, Principal Advisor at Quarizon will join the board of Oi Media to provide strategic mentorship as per ET report.
“Oi Media significantly increases the ease of doing business among various stakeholders in the media industry. We are really grateful and excited to have Quarizon on board who have an engaged a set of professionals who add value right from the time of initial discussions to regular ongoing reviews. As an immediate step, we would be launching a host of value-added services in ‘audience measurement’ and analytics,” said Praphul Misra, the founder of Oi Media.
“The industry space for Out-Of-Home media holds potential for enormous growth with the infusion of technology. Praphul brings with him a vast experience of handling situations in the startup & media space and this will definitely help the company in scaling up faster. Oi Media has a unique concept and we at Quarizon look forward to their growth by extending our long-term support to them,” Aditya Gupta, Chairman at Quarizon, said.
Oi media was founded as an experiential media agency in 2015, it is a startup that aims to connect media sellers and buyers. It offers a proprietary technology which enables a platform to media space owners (reseller/ aggregators), intermediate services providers agencies and advertisers that aims to reduce time cycles at each stage of business, due to quick access to stored information and easy to use templates covering all the stages from inquiry to billing.