Companies

Oximity gets $620,000 from 4 investors

Our Bureau Hyderabad | Updated on March 28, 2014

Serial entrepreneurs Ronnie Screwvala, Sashi Reddi, Krishnan Ganesh and Anand Ranganathan have co-invested $620,000 in Oximity, a news site that believes in gathering news from non-journalistic sources.

“I invested $165,000 (about ₹1 crore) in this start-up last year. Now, we have got more investors into this venture,” Sashi Reddi, who set up a ₹100-crore Sri Capital fund for investing in start-ups, told Business Line.

“ Oximity shows an interesting way to gather news from activists, from the ground,” he said. “The news media landscape is shifting rapidly, and in a few years, there will be an entirely new set of players dominating this space. We believe Oximity has the potential to be one of such dominant players,” Ronnie Screwvala said.

Published on March 28, 2014

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