The Ken, a subscription-based online news platform, said on Wednesday that it had raised $1.5 million (around Rs 10 crore) in a Series A funding round led by impact investor Omidyar Network.
The company said that it will use the fresh capital for fresh hiring and boosting growth.
The development comes months after the Bengaluru-based news startup raised around $228,000 (Rs 1.48 crore) from a group of individual investors in its second round of angel funding.
The Ken was founded in 2016 by Rohin Dharmakumar, entrepreneur Sumanth Raghavendra and senior journalists Seema Singh and Ashish K Mishra,
Run by Kenrise Media Pvt. Ltd, the company had raised $400,000 (Rs 2.68 crore) in February last year from a clutch of investors including digital wallet Paytms chief executive officer Vijay Shekhar Sharma.
The Ken offers reportage across technology, startups, business, science and healthcare. It competes with a few products of The VCCircle Network.