Total amount raised
$8.5 Million
Latest funding date
10/1/2017
Location
YourStory has successfully raised funds through three distinct funding rounds, with the latest being a Series B round. The platform is backed by notable investors including 3one4 Capital and Kalaari Capital.
Keep reading to explore the intricacies of YourStory's fundraising journey and the investors backing this influential media platform.
What Is YourStory?
YourStory is a media platform that provides comprehensive coverage of the startup ecosystem in India. The company operates in various industries, including Information Technology, Internet, News, Public Relations, and Publishing.
Founded in Bangalore, Karnataka, India, YourStory has an employee count of 101-250. The platform is dedicated to stories about startups and entrepreneurship, offering news, in-depth articles, interviews, and resources for entrepreneurs.
How Much Funding Has YourStory Raised?
- Series A
- Amount Raised: USD 2,500,000
- Date: August 2015
- Lead Investors: Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and capabilities, including the acquisition of Papyrus Editor.
- Series B
- Amount Raised: INR 200,000,000 (approximately USD 3,000,000)
- Date: February 2017
- Lead Investors: Ratan Tata
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion, including international ventures.
- Series B
- Amount Raised: USD 3,000,000
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve a revenue target of USD 4,000,000 for the fiscal year 2017-18.
Total Amount Raised: USD 8,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- UC-RNT Fund
- Details: UC-RNT Fund is a joint venture between Ratan Tata's RNT Associates and the University of California. The fund focuses on investing in innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer businesses
- Notable Investments: Not explicitly mentioned
- Kalaari Capital
- Details: Kalaari Capital is a venture capital firm based in India that invests in early-stage, technology-oriented companies. It has been a significant player in the Indian startup ecosystem.
- Investment Focus Areas: E-commerce, digital media, mobile
- Notable Investments: Snapdeal, Urban Ladder, CureFit
- 3one4 Capital
- Details: 3one4 Capital is an early-stage venture capital firm based in Bangalore, India. The firm focuses on technology and innovation, supporting startups in their growth journeys.
- Investment Focus Areas: SaaS, fintech, digital media
- Notable Investments: Licious, Darwinbox, BetterPlace
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated. It focuses on early to growth-stage companies in the technology sector.
- Investment Focus Areas: Mobile, AI, IoT, automotive
- Notable Investments: Zoom, Waze, Xiaomi
- Ratan Tata
- Details: Ratan Tata is an Indian industrialist and former chairman of Tata Sons. He is known for his investments in various startups and his philanthropic efforts.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for YourStory?
With its recent expansion into Germany, YourStory is poised to tap into international markets, offering a significant growth opportunity. The platform's diverse content verticals, such as SocialStory and HerStory, provide avenues for increased engagement and monetization through events like MobileSparks and TechSparks.
Future fundraising appears promising, given the company's successful track record and ambitious revenue targets. Investors are likely to be attracted by YourStory's growth trajectory and international ventures, paving the way for potential Series B or C funding rounds.
However, challenges remain. The competitive landscape is crowded, requiring continuous innovation and high-quality content to stand out. Balancing revenue generation from advertising and events while managing international expansion will be crucial for sustained success.
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