Chitramala.in Receives Rs 5 Million Investment From Confidance Holding

Chitramala.in Receives Rs 5 Million Investment From Confidance Holding

HYDERABAD, India, November 3, 2015 /PRNewswire/ --



Chitramala.in, a well-known portal for Bollywood and Tollywood news and gossip,
announced that Confidance Holdings has invested a sum of 5 million INR in Chitramala as a
key part of its array of strategic investments. The online portal has been consistently
providing quality entertainment to its users.



The collaboration took place in Hyderabad on 26th October, 2015 in the presence of Mr.
Anand Garikipati, who was representing Confidance Holdings, and Mr. Moukthik Kiran Reddy
from Chitramala. Chitramala.in has been able to garner a substantial user base most of
which is from India. During the collaboration, Mr. Reddy stated that approximately 60% of
its readers originate from different parts of India, adding that the portal, however, has
also seen heavy user traffic from foreign destinations such as USA, Australia, Canada and
UK.



The monthly unique visitors count for Chitramala.in grosses 1 million every month, and
the company believes that there is still a lot of ground which needs to be covered in
terms of reaching other demographics. Mr. Reddy was quoted as saying, "This investment
from Confidance Holding will help Chitramala.in become one of the biggest Indian digital
entertainment portal across the globe. In the near future, we intend to provide
world-class entertainment to regular visitors by utilising the latest technology and
ensuring the best user experience. This round of investment will prove to be a huge
boost." Key people from both the companies also stated there will be no management
shuffle.



The deal comes at a very important juncture, especially for Chitramala.in, as it will
help them revamp their presence and cover more sections of the entertainment industry. The
investment will also enable them to compete with other entertainment portals such as Pink
Villa and Ragalahari in terms of quality content.



About Chitramala.in 



Chitramala is one of the leading online portals for the Indian film industry. It has
been around for more than seven years and has developed a massive fan following not only
in India but also across USA and UK, by providing quality news and gossip from the Indian
film industry. The portal covers all major news and gossip of Bollywood, Tollywood and
Kollywood film industries. Chitramala is known for its fresh and reliable news, which is
generated from industry sources. The users of Chitramala also have access to latest movie
reviews, celebrity galleries and latest updates from the film industry. For more
information, visit http://www.chitramala.in, or download the mobile app for Android
[https://play.google.com/store/apps/details?id=com.ibee.chitramala&hl=en_GB ] and iOS.




 
Media Contact: 
Haribabu B, 
Bharibabu@chitramala.in, 
+91-900-033-1007, 
Content Head, 
Chitramala Media Solutions Pvt ltd 


 



Chitramala Media Solutions Pvt Ltd


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Profile: intent