Pressmart Media announced that it has secured a $6 Million funding from two of the most respected VC firms from the Bay area, Draper Fisher Jurvetson and NEA IndoUS Ventures, as it moves into its next phase of growth. This investment will accelerate Pressmart's global footprint and the resources to build on its market momentum, expanding its global sales, marketing, and customer-support presence across 35 countries where it currently serves over 350 print media customers. Pressmart's strong SaaS based ePublishing and Digitization services have helped the company gain rapid recognition worldwide, coupled with a unique 360-degree service, that offers ePublishing, delivery, hosting, subscription management, online payment, ad serving and user intelligence, all through one package. According to industry estimates, the worldwide print readership is in excess of 1.4 billion readers daily and the worldwide publications (including daily, weekly, monthly, quarterly, annual, large newspapers, community publications, journals, etc.) is in excess of 1.62 million. In India alone there are over 150,000 publications registered with RNI. Pressmart also announced the induction of two highly accomplished professionals, Sateesh Andra, Venture Partner of Draper Fisher Jurvetson and Vinod Dham, Founding Managing Director of NEA-IndoUS Ventures (popularly referred to as the 'father of the Pentium'), to strengthen its Board of Directors.

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