Entrepreneurs
Romesh Khaddar, Shikha Chaudhry, and Sumedh Chaudhry Pioneers in AI-Driven Digital Media NewsBytes
In an age where information flows ceaselessly through the digital realm, three visionary entrepreneurs—Romesh Khaddar, Shikha Chaudhry, and Sumedh Chaudhry—have harnessed the power of artificial intelligence to revolutionize the media landscape. Their brainchild, NewsBytes, an AI-driven digital media startup based in Gurugram, is rewriting the rules of content creation and dissemination. NewsBytes recently made headlines of its own by closing a Series A funding round, securing nearly $1.5 million. The driving force behind this funding success is North Base Media (NBM), a global venture capital firm renowned for its expertise in media-related investments. Sumedh Chaudhry, Co-founder of NewsBytes, expressed the startup’s intent to channel these fresh funds into bolstering their technology infrastructure. He emphasized the importance of expanding their rapidly growing audience base and innovating new technologies to cater to a broader clientele.
Furthermore, Sumedh Chaudhry highlighted the significance of NBM’s involvement. NBM’s extensive experience in media and media-tech, coupled with the support of new investor JITO Angels and NewsBytes’ existing backer, Powerhouse Ventures, adds a layer of stability during a pivotal phase in the startup’s journey.
NewsBytes’ journey to this juncture has been marked by innovation, strategic partnerships, and substantial investments. The company had previously secured $1 million in its pre-Series A round, led by the investment arm of German publishing firm Mueller Medien, MM Inno GmbH. Incubated by GSF Accelerator in 2015, NewsBytes received an initial investment of $50,000, which laid the foundation for its pioneering work in the digital media space. Romesh Khaddar, Shikha Chaudhry, and Sumedh Chaudhry have spearheaded a transformative endeavor with NewsBytes. At its core lies YANTRA, an AI-driven content engine capable of autonomously generating factual news stories without any human intervention. This cutting-edge engine boasts multilingual capabilities, enabling it to cover a wide array of topics, from consumer technology to financial markets. The engine’s remarkable versatility sets NewsBytes apart in the digital media landscape.
NewsBytes’ innovation extends beyond its digital media platform. The company is actively licensing its YANTRA engine to other media companies seeking to automate their content creation processes. Several overseas media firms have already embraced this groundbreaking technology, further solidifying NewsBytes’ global impact. The backing of North Base Media, founded by prominent media figures Marcus Brauchli and Sasa Vucinic, is a testament to NewsBytes’ potential. NBM specializes in investing in media companies across various sectors, including sports, music, business, entertainment, and news content. This venture capital firm brings unparalleled industry knowledge and experience to its portfolio, which includes Mumbai-based digital entertainment content provider Pocket Aces.
NewsBytes’ success story is emblematic of the dynamic media landscape in India. With the digital revolution in full swing, startups like NewsBytes are at the forefront of pioneering innovative approaches to content creation, delivery, and engagement. As NewsBytes continues to innovate and expand, the startup aims to streamline analytics for vaccination monitoring, record-keeping, and outreach. This commitment reflects its broader mission to bridge the immunization gap, contribute to disease surveillance, and inform policymaking to ensure the health and well-being of future generations.
In conclusion, the journey of Romesh Khaddar, Shikha Chaudhry, and Sumedh Chaudhry embodies the spirit of innovation and entrepreneurship. Their vision has not only transformed the digital media landscape but has also positioned NewsBytes as a trailblazer in AI-driven content creation.