About Awesummly
Awesummly is a Media & Entertainment company based in Bengaluru (India) founded in 2015. Automated online news summaries are provided across multiple topics. Awesummly has raised $77.91 thousand across 2 funding rounds from investors including Axilor Ventures, Lgs Enterprise and Metz Advisory. Awesummly was last valued at $435.5 thousand in May 2017. Awesummly offers products and services including Slot Gaming Platform and Deposit and Withdrawal Services. Its focus areas include Internet First Media, News Portals, Aggregators and Summaries. Its legal entity in India is Nitrolabs Technology Private Limited (U72300MH2015PTC271000). Its competitors include DailyHunt and VerSe; 2 of its 2 listed competitors have raised funding.
Company details
Awesummly was established in 2015 in Bengaluru, India, as a provider of automated online news summaries. Coverage includes politics, business, lifestyle, economy, and additional areas. Operations focus on digital delivery, with revenue derived from advertisements and an API service for summary integration. The platform serves users seeking concise news overviews in the media technology sector.
- Headquarters Bengaluru, India
- SectorsMedia & Entertainment
- Website awesummly.com
- Social LinkedIn X
- Legal Name Nitrolabs Technology Private Limited
- Date of Incorporation 14 Dec, 2015
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹43,200
FY 2019 · -87% YoY
- Net Loss-₹16.7 Lakh
FY 2019 · -3860% margin
- EBITDA-₹5 Lakh
FY 2019 · -1162% margin
- Total Equity Funding$77.91K (USD)
in 2 rounds
- Latest Funding Round$77.91K (USD), Seed
May 2017
- InvestorsAxilor Ventures
& 2 more
Associated legal entities of Awesummly
Awesummly operates through Nitrolabs Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nitrolabs Technology Private Limited CIN U72300MH2015PTC271000 | Active | 14 Dec 2015 | Thane, Maharashtra | ₹0.0 Cr | 5 | View details |
Products & Services of Awesummly
Awesummly offers a comprehensive portfolio of products and services, including Slot Gaming Platform and Deposit and Withdrawal Services.
Platform for playing slot games with bonuses and high RTP.
Services for quick and secure gaming transactions.
Funding Insights of Awesummly
Awesummly has successfully raised a total of $77.91K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $77.91 thousand completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $77,913
- Total Rounds 2
- Last Round Seed — $77,913
- Investors Count 3
All 2 funding rounds of Awesummly with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $77,913 | Seed | $435,500 | Lgs Enterprise, Metz Advisory | – |
| Jun 2015 | Seed | – | – |
Last known valuation $435,500 (May 2017). 3 investors in total: 3 institutional.
Investors in Awesummly
Awesummly has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Axilor Ventures, Lgs Enterprise and Metz Advisory.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
| lgsenterprise.tcc.mode | ||||
| metzadvisory.tcc.mode |
Investor details for Awesummly
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nitrolabs Technology Private Limited (Awesummly)
Nitrolabs Technology Private Limited is the primary company behind Awesummly. The board of Nitrolabs Technology Private Limited currently have 5 directors; the longest-serving is Ankit Dhawan, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Dhawan DIN 07369628 | Director | 14 Dec 2015 | 10 yrs 10 mo | Nitrolabs Technology Private Limited |
| Deepak Rajmani Mishra DIN 07369629 | Director | 14 Dec 2015 | 10 yrs 10 mo | Nitrolabs Technology Private Limited |
| Nitin Mishra DIN 07352044 | Director | 14 Dec 2015 | 10 yrs 10 mo | Nitrolabs Technology Private Limited |
| Vani Vivek Bhargava DIN 01285150 | Director | 01 Aug 2017 | 9 yrs 2 mo | Nitrolabs Technology Private Limited |
| Sushil Kanubhai Shah DIN 00179918 | Director | 01 Aug 2017 | 9 yrs 2 mo | Nitrolabs Technology Private Limited |
Financials of Awesummly
Figures of Nitrolabs Technology Private Limited, the primary company behind Awesummly, for FY 2019. Revenue was ₹43,200 (-87% year on year). Net loss was -₹16.7 Lakh (-3860% margin). EBITDA was -₹5 Lakh (-1162% margin). Revenue has grown at a compounded annual rate of -34% over three years.
- ₹43,200Revenue · FY 2019 · -87% YoY
- -₹16.7 LakhNet loss · -3860% margin
- -₹5 LakhEBITDA · -1162% margin
- ₹3.8 LakhPaid-up capital
- -34%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Nitrolabs Technology Private Limited are on its company page.
Detailed financial statements for Awesummly
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Awesummly
3 dated milestones of Awesummly across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Awesummly is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $78K.
Competitors of Awesummly
Awesummly has 2 listed competitors in our database, 2 of them funded. They include DailyHunt and VerSe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dailyhunt.in | 2009 | Bengaluru, India | $129.01M | 942 | Multi-category news is curated and delivered in multiple languages. | |
| verse.in | 2007 | Bengaluru, India | $1.68B | 669 | Developer of a short-video platform and technology infrastructure |
Detailed competitors of Awesummly
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in DTC Media Innovators
3 companies that operate in the same segment as Awesummly (DTC Media Innovators) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified gaming and sports media platforms are operated and developed. | 1999 | Mumbai, Maharashtra, India | USD 127.93 M | USD 194.94 M | 63 | |
Multi-category news is curated and delivered in multiple languages. | 2009 | Bengaluru, Karnataka, India | USD 129.01 M | 942 | ||
Hyperlocal short news app is provided in multiple languages. | 2014 | Hyderabad, Telangana, India | USD 30.77 M | USD 5.35 M | 309 |
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Related news about Awesummly
Complete news archive for Awesummly
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Frequently Asked Questions about Awesummly
Awesummly was founded in 2015.
Awesummly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Awesummly is a funded company, having raised a total of $77.91K across 2 funding rounds to date.
The primary company behind Awesummly, Nitrolabs Technology Private Limited, reported revenue of ₹43,200 for FY 2019, down 87% year on year.
Awesummly was established in 2015 in Bengaluru, India, as a provider of automated online news summaries. Coverage includes politics, business, lifestyle, economy, and additional areas. Operations focus on digital delivery, with revenue derived from advertisements and an API service for summary integration. The platform serves users seeking concise news overviews in the media technology sector.
Awesummly offers Slot Gaming Platform and Deposit and Withdrawal Services.
Awesummly has 3 investors. Key investors include Axilor Ventures, Lgs Enterprise, and Metz Advisory.
The valuation of Awesummly is $435.5K as of May 2017.
Awesummly operates through Nitrolabs Technology Private Limited.
The legal entities of Awesummly currently have 5 directors, including Ankit Dhawan, Deepak Rajmani Mishra, Vani Vivek Bhargava and others.