Hyderabad-based Pressmart Media, a print-to-digital delivery service for newspaper company, from raising $6 million in its first round of funding from Draper Fisher Jurvetson and NEA IndoUS Ventures.
The funding will be used to expand the company’s footprint globally and expand its global sales, marketing, and customer-support presence, it said. Pressmart offers e-publishing and digitisation services for publishing electronic edition of journals, newspapers and magazine. The company has clients across 35 countries with over 350 print media customers. Some of its clients are Birmingham Post, CNBC Europe, the Sun, Hindustan Times, Deccan Chronicle, Indian Express, and Lokmat. More details in release.
It is in a crowded space competing against the likes of Zinio, Newstand, Olive, Texterity, Nxtbook Media and others.
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