iWorld

Ronnie Screwvala bets big on Oximity

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/internet-images/2014/03/27/ronnie.jpg?itok=buGti_RR

MUMBAI: Entrepreneurs Ronnie Screwvala, Krishnan Ganesh, Sashi Reddi and Anand Ranganathan have co-invested in Oximity, a unique news website that crowd-sources opinions and developments on social and economic issues at a global level. The four Indian investors have jointly co-invested to raise the seed round of $620,000 for this innovative crowd sourced news website.

Oximity goes beyond commercial concerns and concentrates on the latest trends like social, mobile, location based services, cloud computing and big data. “For Screwvala, Ganesh, Reddi and Ranganathan investing in Oximity and actively supporting it with personal networks is a validation of the website’s attempt to bring in systemic change in the news industry,” said the company statement.

“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,” said Ronnie Screwvala

“The paradigm shift that Oximity is planning is huge. There is a clear and present need to replace the Buzzfeed generation with meaningful journalism direct from the source. Oximity's focus on pertinent news from the community is much-needed and I'm excited to see this collaborative platform grow,” added K Ganesh.

With its modus operandi of crowd-sourcing news, Oximity aims to transform the traditional top-down structure of news media with a bottoms-up approach in writing, reporting, editing and distributing news. By allowing people and organisations to report their news in over 180 languages, and facilitating automatic as well as manual translation, Oximity is removing language as a barrier to the flow of news information globally.

Additionally, it is partnering with various existing user generated news networks worldwide to create one large network of self-empowered news writers and readers.

“We believe all human beings are equal, without exception. The disenfranchised can now have a voice, on a level playing field with the already empowered. And users get to set the news agenda, instead of a few people who run global news media organisations”, said Oximity co-founder Sanjay Goel.

The website has more than 8,000 likes on Facebook and over 6,000 followers on twitter. This only goes on to say that there is space for such news websites where common man becomes the source! 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/ajit-mohan.jpg?itok=ITPivFI5
Hotstar to exclusively live-stream Paytm Ranji Trophy

Underscoring its position as the home of cricket, Hotstar, a video streaming platform, is the exclusive partner for the Paytm Ranji Trophy 2017-18. The Paytm Ranji Trophy, now in its 84th season, kicked off on October 6th with the group stage matches.

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/18/Reed_Hastings_1.jpg?itok=SP_NGTFg
Netflix's international streaming boosts rev in Q3, op income almost doubles

BENGALURU: Global internet entertainment company Netflix, Inc., (Netflix) reported 30.3 per cent year-over-year (y-o-y) increase in consolidated operating revenues for the quarter ended 30 September 2017 (Q3-17, current quarter) as compared to the consolidated revenue for the corresponding year-ago...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/rishi.jpg?itok=dsbFqZtv
ARK Infosolutions wins Digital Studio award

Value-added distributor for technology products ARK Infosolutions has bagged two awards for the best national distributor (production) and best regional distributor (Production) (West) at the 2nd Digital Studio India Channel Partners Awards 2017.

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/sony-liv.jpg?itok=17uqEXJG
SonyLiv plans to take unique food content to 8k hrs by Sept '18

Who is the first mover in the OTT space to introduce food as a genre? SonyLiv has -- on World Food Day (16 October) -- introduced the food genre to its existing line-up of diversified content.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/CASBAA.jpg?itok=9o9CJ8JS
CASBAA forms 'Coalition Against Piracy,' hires content protection veteran Neil Gane

MUMBAI: CASBAA has announced the formation of the Coalition Against Piracy (CAP), a major initiative to coordinate industry resources in the fight against rampant content theft. It has appointed Neil Gane, an industry veteran in content protection, as the general manager of CAP. Gane will direct...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/Gaurav_Gandhi-800x800.jpg?itok=95X9Z57z
Bigg Boss Season 11 garnered 70 mn views on Voot in 10 days

MUMBAI: Colors ace Bigg Boss Season11 has garnered a big buzz on the internet. It has amassed around 70 million views in just the first 10 days of the show on Viacom18’s Voot. Voot carries every aspect of Bigg Boss including the full episodes, voting, MTV Bigg Boss Extra Dose and several exclusive...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/17/IAMAI.jpg?itok=iBaPW91i
150 IoT start-ups in 3 cities in as many yrs: IAMAI, Napino tie up

NEW DELHI: The Internet and Mobile Association of India (IAMAI) has teamed up with Mobile10X and Napino Auto & Electronics Limited to bring together startup entrepreneurs so that they can realise their true potential and evolve Internet of Things (IoT)-based ecosystem in the country.

iWorld eNews
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/14/inmates.jpg?itok=q3TmqTlM
TVF: From Roommates to Inmates

After the success of The Viral Fever’s Permanent Roommates series, the web content producer is back at it with a new plot in TVF Inmates. Three boys and two girls with outrageous personalities share a house in Mumbai.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/14/Untitled-1.jpg?itok=4OjyMXk8
Netflix: Kashyap, Motwane to direct parallel 'Sacred Games', targeting 5-6 originals in a year

MUMBAI: Renowned filmmakers Vikramaditya Motwane and Anurag Kashyap have been commissioned to work on two parallel stories in Netflix's maiden India-set original series 'Sacred Games' based on Vikram Chandra's best-selling novel.

iWorld Video On Demand

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories