Series A funding: SaaS startup Quintype raises Rs 25 crore

CIOReviewIndia Team | Tuesday, 01 September 2020, 08:31 IST

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Series A funding: SaaS startup Quintype raises Rs 25 crore

SaaS startup Quintype has raised INR 25 crore in Series A funding. The SaaS startup Quintype has raised INR 25 crore which is a company  based out of Bangalore provides a platform to digital media publishers. 

The company creates, curates, distributes and monetizes content. This series of funding is totally dedicated to further expand its operations and reach.

Chirdeep Shetty, CEO of Quintype, said, "Digital publishing has seen a fundamental shift in the last few years with most audiences seeking on-demand content with the proliferation of mobiles. We are happy to lead this change by creating and expanding this digital ecosystem and this investment by IIFL AMC is a step in that direction." 

“Media companies and content creators are moving towards a digital-first strategy and that the pandemic has accelerated the shift,” he added. 

Prashasta Seth, Senior Managing Partner of IIFL AMC, said, "Quintype, with its suite of products, is set to accelerate the growth in digital content and publishing space. It enables more content creators to go digital easily and gives them the freedom to distribute, scale up and monetise their content using an intuitive product with hundreds of built-in features." 

This funding would be significantly effective for the early-stage startups to build these disruptive technology products and services. 

As IIFL AMC launched the IIFL Seed Ventures Fund – Series 2, a close-ended SEBI-registered Category, their previous two investments were in the consumer sector, this would be the third investment from the fund where the previous two investments were in the consumer sector. 

IIFL Seed Ventures Fund 1 (the previous fund) saw exits from companies that included Shopsense Technologies (Fynd), Uniphore and Nowfloats among others.

 

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