Campus Diaries Media and Communications Pvt. Ltd, which operates a content discovery portal targeted at school and college students, has raised Rs 1.5 crore ($220,000) from Aarin Capital and others in its second round of angel investment.
Ravi Mantha of Sagelock Investments and 3one4 Capital Partners, the family office of former Infosys finance chief and Aarin co-founder TV Mohandas Pai, also participated in this round.
âThe new capital will be used to develop the technology platform and make it a collaborative portal that helps the student throughout his life cycle, from admissions to jobs,â Sumit Saurav, a co-founder of the company, told Techcircle.
The transaction was closed in March, according to VCCEdge, the data research platform of VCCircle.
Campus Diaries was founded in 2012 by Saurav, Sonic Prabhudesai and Raj Chourasia. It raised its first round of funding from Rajeev Ahuja of Aegis and other investors in 2013.
News and content-related startups have garnered a lot of investor interest of late. In September last year, New Delhi-based YKA Media Pvt Ltd, which owns online news and views platform Youth Ki Awaaz, secured Rs 4 crore in angel funding from Quintillion Media, a digital content venture co-founded by former Network18 promoters Raghav Bahl and Ritu Kapur.
Online video entertainment venture The Viral Fever received $10 million (Rs 67 crore) from hedge fund Tiger Global in February. The same month, News Laundry Media Pvt Ltd, which runs media portal Newslaundry, raised funding from Omidyar Network and a bunch of angel investors.
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