Technology-driven publishing startup Leadstart Publishing has raised Rs 3 crore (around $430,000 at current exchange rates) in a funding round led by Mumbai Angels Network.
According to a statement, JITO Angel Network and Hyderabad-based SucSEED Venture Partners also participated in the round.
Mumbai-based Leadstart Publishing said it will use the fresh capital to scale operations, develop technology and for customer acquisition.
Leadstart Publishing was founded in 2010 by Swarup Nanda, who is a graduate from DY Patil College of Engineering, and an MBA from the University of Pune. Before launching Leadstart Publishing, Nanda had worked with National Geographic Channel and Magna Publishing Co. Ltd.
Leadstart offers an integrated platform which allows authors to self-publish globally in multiple languages, using technology for creation, providing enhancement and distribution of content to a wider audience such as studios, OTT platforms, or adapting to video formats, by re-imagining content discovery, and bringing reader recognition.
Leadstart said it has 10 brands and publishes more than 200 titles a year, with imprints and products in all major book categories.
“Leadstart Publishing’s tech-driven approach in integrating publishers, platforms and communities is a key differentiator and we see tremendous growth in this segment both in India and internationally,” said Nandini Mansinghka, chief executive and managing director of Mumbai Angels Network.
Started in 2006, Mumbai Angels has more than 130 firms in its portfolio and has recorded over 30 exits.
Among other deals in the segment, Bengaluru-based self-publishing e-platform Pratilipi had last year raised $4.3 million (Rs 28 crore) in a Series A funding round led by impact investor Omidyar Network.