Quintype, a data-driven publishing company based out of Bangalore and California has launched SpeakWrite - a unique program that will invest in promising startups in the digital media space. The program will advise, mentor, design, develop, and help launch the sites and apps of the selected startups into the real world.
SpeakWrite will provide expertise and support from an audience distribution, development & engagement perspective, and will help the startup scale up once the startup is launched. The startups will be mentored by Quintype’s experts with deep entrepreneurship and corporate experience, along with deep insights in the publishing domain. The program will provide mentorship, technology, a state-of-the-art publisher platform, publishing ecosystem, and an innovative community for a period of 12-24 months.
“SpeakWrite will cost no money. However, in exchange for investing SpeakWrite and Quintype resources in the selected startups, Quintype will take a percentage of equity stake in the respective startups. The exact amount depends on several factors: the stage of the startup, the amount of funding raised, the complexity of the initial site/apps, the business plan etc. “As this is a new program, we expect to close this year with 5 startups, out of which we have already picked 3”, said Amit Rathore, Founder & CEO, Quintype. “We plan to invest in around 15 more startups next year”, adds Amit.
SpeakWrite’s program will neutralize the advantage that big publishing houses have with their deep pockets, large teams, and investments in technology. Recently, Quintype raised $3.25 million to enhance product and business development to grow the product engineering, and sales teams, across locations in the Bay Area, as well as in Bangalore, India. The funding was led by Raghav Bahl, an Indian businessman, best known for his ownership of several dozen television channels and online properties, under the Network18 umbrella.