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Exclusive: Media Startup Newsbytes Gets Fresh Funding, Will Bolster Ai Engine

by techcircle.vccircle.com posted 1month ago 21 views
Media startup NewsBytes has raised $1 million (Rs 7.25 crore) as part of a pre-Series A round of funding led by German publishing firm Mueller Medien’s investment arm MM Inno GmbH. NewsBytes co-founder Sumedh Chaudhry told TechCircle that Powerhouse Ventures, which was the first institutional investor in the company, and other existing investors including Mumbai Angels also participated in the latest round. Additionally, as part of the deal, Mueller Medien representative Professor Peter Kabel will join the board of the company.