[Funding alert] Tech startup Agrahyah Technologies raises $1M in Pre Series A round
Summary
Mumbai-based software company Agrahyah Technologies, which has in-house audio and text content creation capabilities, on Wednesday announced it has closed its pre-series A round of $1 million during the first quarter of 2019. Bootstrapped so far, the company aims to utilise the funds to fuel growth and expansion of its products namely aawaz.com, India’s first and largest Hindi non-music audio on-demand (podcasts) destination. Commenting on the investment, Sreeraman Thiagarajan, Co-founder, Agrahyah Technologies, said, “The bets we placed two years ago to create original content in non-video formats such as podcasts, scripted audio shows, and long-form reads in Indian languages are now yielding great results, which is evident from the kind of loyal listeners we are witnessing. aawaz.com has grown to about 200 hours of professionally produced audio content, and over 2,000 long-form reads in Hindi across multiple genres such as devotional, comedy, entertainment, stories, short news, celebrity interviews, and more. Agrahyah, which generates revenue from its voice and content services, is a listed partner agency by Amazon India for Alexa Skills development and AVS implementation.