The Gurugram, India-based media platform Josh Talks on Wednesday raised $1.5 million in a Pre-Series A funding round led by New-York’s Media Development Investment Fund (MDIF).
The latest funding round has valued the media startup INR 100 crore (around $0.196 million). As reported by ET, the company is planning to deploy the funds in product development for its e-learning vertical called Josh Skills.
The Chief Investment Officer of MDIF, Key Kiarie will reportedly join the board of Josh Talks.
Creating the complete ground of the e-learning platform, Supriya Paul, the Co-founder of Josh Talks said that the company aims to educate the low-income households in India and prepare them for better jobs through Josh Skills.
“Being a mission-first organisation, we are building products and services that leverage the power of the internet to solve real problems faced by low-income households in India. We are addressing issues faced by the youth with respect to jobs, career opportunities, acquiring skill sets and more,
“With the support of MDIF, we are looking forward to expanding our vernacular growth in India, building our skills vertical and taking josh to other developing nations.”
– Supriya Paul, co-founder, Josh Talks
Commenting on the funding round, affirming MDIF’s interest in Josh Talks, Kiarie said…
“We see an exciting intersection between our mission to support companies that support the flow of reliable, quality information between people in challenging environments and Josh Talks’ belief in content, community and empowerment,”
– Key Kiarie, Chief Investment Officer, MDIF
About Josh Talks
Started in 2015 by Supriya Paul and Shobhit Banga, Josh Talks organises offline events to educate and inspire the youth, also in Tier II and Tier III cities of the country. The company has partnered with big names including Facebook, ITC, and Bytedance to conduct events and reach a wider audience. The company publishes its content eight vernacular languages which is viewed by over 45 million users monthly.
The company also has a sub-platform Josh Kosh, a career guidance platform that trains less-privileged students and low-income individuals for better career opportunities.