Business Description:Instablogs (Citizen Media Pvt. Ltd.) is a conversational platform built around the collaborative news model. Hosting and aggregating news from the News Agencies and combining them with the contributions from thousands of its members around the world, Instablogs couples the power of mainstream media with the empowerment of the citizens. In addition to text and images, Instablogs has also launched a daily news oriented video show run by Citizen Journalists. Instablogs was launched on October 2005, and currently has 130 News based blogs, 200+ freelancers, 80 citizen journalists and 34 full time employees. Instablogs has offices in New Delhi and Shimla. In its two years of operations, Instablogs has been cash flow positive
Industry:Media/ Entertainment
Founded in:2005
Source of idea:
Significant Competitors:Oohmynews, nowpublic, newsvine
Company Details :
Company Name:Citizen Media
HeadQuarters:New Delhi
Stage of the company:Scaling up
No of Employees (2006):16-25
No of Employees (2007):26-50
Office Locations(2006):2-5
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):16- 50 lacs
Profits (2007):51 lacs - 1 crore
>Partnerships:N.A.
Initial Funding:Personal savings
Addl Funding:Angel investors
Institutitional Capital:No
Revneue Model:Advertisers
Awards & honors:Showcased in Proto.in, Jan 2008
Promoters Details :
Promoters Name(s):Ankit Maheshwari
Age:28
HomeTown:Ghaziabad
Education:Bachelors Aligarh Muslim University
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Senior Web Developer at e-bookers and Dimension India
Ex-Job Description:Web Developing
Favorite Book/Movie:The Godfather; Forrest Gump, Saving Pvt Ryan
