Qyuki Digital Media, a cross-platform media network, is looking to raise Series A funding of up to $10 million in 2017. The company plans to dilute 15-30% equity to raise Series A funding
How does Qyuki wants to spend the new funds?
Qyuki wants to use it for scaling up technology, marketing and operations in sales and network management.
Initially launched as a digital music startup in December 2012 and later revamped its business model into Content production, distribution, promotion and monetisation
It manages some of the biggest digital superstars such as Sanam Band, FunkYou, Shraddha Sharma, Motorbeam and Powerdrift. It also runs agency business, which has executed branded content projects with clients including Coca-Cola, OLX, Volkswagen, Mercedes-Benz and Colgate.
Qyuki uses proprietary technology and analytics to discover and promote digital superstars and manages the end-to-end value chain for them across platforms.
AR Rahman (Oscar Winner for Music)
Shekhar Kapur (Film Maker)
Qyuki is backed by angel investors including Flipkart co-founder Binny Bansal, Varun Singh, Singapore Angel Network and Anisha Mittal.
Tags: OTT, Digital Content, Creators, Music, startup, Qyuki, funding,