Media group Hindustan Media Ventures Limited (HMVL) has invested Rs. 4 crore in content venture Aleph Digital Solutions Private Limited. Salt Partners and the Punjab Kesari Group, publishers of Punjab Kesari, Hind Samachar, Navodaya Times and Jagbani are amongst the existing investors in Aleph, which runs Pebble, a platform where journalists and freelance writers can sell their content...
Media group Hindustan Media Ventures Limited (HMVL) has invested Rs. 4 crore in content venture Aleph Digital Solutions Private Limited. Salt Partners and the Punjab Kesari Group, publishers of Punjab Kesari, Hind Samachar, Navodaya Times and Jagbani are amongst the existing investors in Aleph, which runs Pebble, a platform where journalists and freelance writers can sell their content to publishers across the world. The investment in Aleph will help HMVL to build products in the news gathering and aggregation space. Aleph also runs a vernacular news website called Local Heading, which will allow reporters and other portals to create their own pages and garner followers.
Link Legal advised HMVL in this investment through a team of Manish Gupta (Partner), Vinu Peter (Principal Associate) and Vivek Tiwari (Associate).