Indian Digital Publishing Firm Pressmart Gets $6 Million

Authored by Mark Hefflinger on September 4, 2008 - 7:29am.

Hyderabad, India - Pressmart, an India-based provider of digital publishing services for print media producers, announced on Thursday that it has raised $6 million in its first round of venture capital financing, led by Draper Fisher Jurvetson and NEA IndoUS Ventures.

Pressmart currently counts more than 350 print media customers, including the Sun, Hindustan Times and CNBC Europe.

The company will use the investment to expand its global sales, marketing and customer support presence across 35 countries.

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http://www.pressmart.net