19 July 2018:
Bengaluru based subscription-only business news website The Ken has raised $1.5 million in Series A funding round led by Omidyar Network.
Existing investors including Yuj Kutumb, the Family Foundation headed by Sid Yog, the Founder and Managing Partner of The Xander Group Inc., and new angel investors also participated in the funding round.
The company will use the fresh fund for expansion and new hiring.
The company has raised Rs 4.46 Cr from 15 angel investors which include Aprameya Radhakrishna, Deepak Natraj, Girish Mathrubhootham, Mahesh Murthy, Pallav Nadhani, Pavan Ongole, Sandeep Mathur, Shan Krishnasamy, Shanmugam Nagarajan, V Balakrishnan, and Vijay Shekhar Sharma, earlier this month.
The Ken was founded four veteran journalist Seema Singh, Rohin Dharmakumar, Ashish Mishra and Sumanth Raghavendra in 2016. The Ken publishes one original, analytical and well-narrated story from India every weekday for its subscribers across domains like technology, startups, business, science, and healthcare.
Picture Credits: The Ken