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Quintype to invest in digital media start-ups via SpeakWrite
MUMBAI: Touting it as a “new kind of startup accelerator,” the Raghav Bahl backed digital publishing company Quintype has launched SpeakWrite.
SpeakWrite is a program for promising startups in the digital media space. So far, the company has accepted three startups into the program, and will be announcing the details soon.
The company is looking at investing in a total of five start-ups this year and plans to take that number of 15 next year.
“SpeakWrite will cost no money. However, in exchange for investing SpeakWrite and Quintype resources in the selected start-ups, Quintype will take a percentage of equity stake in the respective startups,” said Quintype founder and CEO Amit Rathore.
Quintype will take anywhere between four – nine per cent equity stake in respective startups. The exact amount will depend on factors like the stage of the startup, amount of funding raised, complexity of the initial site/apps and business plan amongst others.
By partnering with selected startups, SpeakWrite will advise, mentor, design, develop, and help launch their sites and apps. The company will mentor startups for a period of 12-24 months.
SpeakWrite is based both in the United States, as well as in Asia.
