Media startup NewsBytes has raised $1 million as part of a pre-Series A round of funding led by German publishing firm Mueller Medien's investment arm MM Inno GmbH. NewsBytes co-founder Sumedh Chaudhry told TechCircle that Powerhouse Ventures, which was the first institutional investor in the company, and other existing investors including Mumbai Angels also participated in the latest round. "We will be launching Hindi news content by mid-October followed by Tamil in December. The idea is to expand into all major languages including Kannada, Bengali and Marathi," Chaudhry said. Chaudhry said NewsBytes will likely start generating sizeable revenues by December and break even on its English news operations by the end of the current fiscal. For the financial year 2015-16, NewsBytes had posted a revenue of merely Rs 1,475. Indian Institute of Management-Ahmedabad and Indian Institute of Technology-Roorkee graduate Sumedh Chaudhry started NewsBytes in 2013 along with Cornell university alumnus Shikha Chaudhry and IIT-Guwahati graduate Romesh Khaddar. Before setting up NewsBytes, Shikha and Sumedh ran an education technology startup called Course Garage and operated it under Elysium Labs Pvt Ltd. Khaddar had also co-founded a startup-MyNewsStudio, a career development application for students. Sumedh Chaudhry told TechCircle that the company had raised an undisclosed sum in another round of funding from Mumbai Angels, Indian Dream Capital and Citrus Pay founder Jitendra Gupta. Read more