Hyderabad-based PublicVibe (formerly NewsDistill), a vernacular hyperlocal community news platform, has it raised an undisclosed amount in a funding led by Indian Angel Network (IAN) with participation from Anthill Ventures and Hyderabad Angels.
Bikky Khosla and Prashant Pahade from IAN will be joining the board of PublicVibe.
PublicVibe, which plans to launch a hyperlocal advertisement network in support of small businesses, will use the freshly raised capital in scaling its platform in one of the vernacular languages and to optimise its AI infrastructure for scaling up.
Launched in 2015 by Narasimha Reddy, PublicVibe serves instant hyper local news so that people aware of whats happening around them and involve to make a difference. Its mobile app connect people in a locality, bring awareness and it can also lead to resolution of local problems.
PublicVibe is also the winner of NASSCOM and Facebook’s top 10 startups in India to create social impact and the product that can touch people lives at all levels in India.
Prior to the latest funding, PublicVibe had raised $100,000 in seed funding in September 2016. In that round, noted investors and technology leaders contributed to the funding and those include Mr. Narasimhan Ganesh, Senior Director, Box.com, Mr. Ramana Thumu, Vice President – eBay, and Mr. Sudhir Mallem – Uber.
Growing Vernacular Content Consumption
In a report published in March last year by IAMAI and Kantar IMRB, it was revealed that 205 million new internet users would come online if content is available in Indian vernacular languages, which will be key motivation of using internet for people who are not using it.
In January, Mumbai-based Agrahyah Technologies announced the launch of Aawaz.com, an audio on demand platform with 100% professionally generated content in Indian vernacular languages.
Last November, Vokal launched Video Questions & Answers (Q&A) in vernacular languages making it as the first product in India to be bring such a feature to vernacular Internet users.
In July last year, Vokal, a peer-to-peer (P2P) knowledge-sharing platform in Indian Languages, had raised $5 million in a Series A round of funding led by China’s Shunwei Capital and 500 startups.
Source – The Hans India