Swarajya Secures Major Funding for Expansion and Editorial Growth

Swarajya, one of India's oldest print publications and leading digital platforms, has announced a new funding round to finance its next phase of expansion. The capital will be used to enhance editorial staff, technology, and subscriber base. The funding underscores investors' confidence in Swarajya's mission of fostering independent, right-of-center discussions.

Chennai (Tamil Nadu) [India], July 1: Swarajya, a historic publication and prominent digital platform, has announced a significant new funding round in its sponsor company, Kovai Media Pvt. Ltd. This infusion of capital is set to accelerate the platform's rapid growth and expansion, supplemented by internal accruals.

Existing investors, including the Venture Finance & Development Corporation and Meridian Investments, showed strong support in an oversubscribed round led by Yuj Bharat Holdings, who now hold a 38% share. 'The company plans to enhance its editorial desk, hire staff across key cities, and upgrade its technology stack,' said Amarnath Govindarajan, CEO and Publisher.

Founded in 1956 by Dr. C Rajagopalachari, Swarajya has been a leading voice for liberal-conservative perspectives. The publication aims to remain independently editorial and expand its reach with the new funds, supporting a reasoned, right-of-center discussion and fostering a self-sustaining, respected media presence.

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