Hotline: 1800 102 2007
Search Business Opportunities

Investors Ronnie Screwvala, K Ganesh back online media start-up Oximity

Angel investors Ronnie Screwvala and K Ganesh have seed funded Oximity, a global online media start-up for user-generated news.

Angel investors Ronnie Screwvala and K Ganesh have seed funded Oximity, a global online media start-up for user-generated news.


Oximity, co-founded by former Wall Street banker Sanjay Goel and German IT entrepreneur Christian Hapke, connects sources of news directly to readers in over 180 languages globally. The US-based start-up rides on technology to create a large network of self-empowered news writers and readers, redefining the way news is generated and distributed worldwide.

"Technology has reached a point where the news industry is waiting to be disrupted. The existing paradigms will become obsolete but not the skills of the people (in it) that have been honed over the years. We want to redeploy those skills without the legacy of fixed costs associated with traditional media, in a completely re-engineered model for news," said Goel, who founded the much-talked about Silicon Valley start-up in 1999.


Started six months ago, Oximity has more than 2,500 writers generating 700 news stories daily. Its writers and readers are spread across 200 countries, while the company has existing offices or staff in Berlin (Germany), London (UK), San Francisco (USA), Ramallah (Palestine), Moscow (Russia) and Guangzhou (China).


"We see this as a platform to take news to niche audiences wherever they are globally. By facilitating automatic as well as manual translation, Oximity is removing language as a barrier to the flow of news information across borders," said Ganesh, one of the lead investors, who built and sold start-ups like CustomerAsset, Marketics and TutorVista in the past.


Screwvala said startups like Oximity could lead the democratization of news industry. "The news media landscape is changing and we believe Oximity can be a dominant player," added Screwvala, who turned investor after selling UTV Communications to Walt Disney in a blockbuster deal. AppLabs founder Shashi Reddi and Anand Ranganathan , who founded Efficient Frontiers acquired by Adobe, are other co-investors in Oximity.

Related opportunities
  • Competitive Exam Coaching Institute
    IMS being in the education sector for over 40 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2001
    Investment size Rs. 2lac - 5lac
    Space required 1500 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About:Jwala Gutta’s Global Academy for Badminton is a privately owned..
    Locations looking for expansion Telangana
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • About:The Swiss Laundry is a brand that started in 2013..
    Locations looking for expansion New Delhi
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800 - 1800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Healthcare Products
    An Innovative & Effective Health & Wellness brand Invites Distributors ADD VEDA,..
    Locations looking for expansion Punjab
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 500 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities