About Discovereads
Discovereads is a company based in United States founded in 2009 was acquired by Goodreads in March 2011.. Discovereads operates in a competitive market with competitors including Yuewen, LitCharts, Du Yao, Tertulia and ALIBRATE, among others.
- Headquarter United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Funding Insights of Discovereads
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Discovereads
Discovereads has secured backing from 1 investor. Prominent investors backing the company include Goodreads. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Reading progress and reviews are shared by book enthusiasts online.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Discovereads
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Discovereads
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Discovereads Comparisons
Competitors of Discovereads
Discovereads operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yuewen, LitCharts, Du Yao, Tertulia and ALIBRATE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online digital content library
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Literary guides and resources are provided online by LitCharts.
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A mobile app for users to review and rate books and movies.
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App-based platform for reading books in various genres is provided.
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Functions as an online platform for book reading and exploration.
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App tracks books read, offers recommendations, and enables reading communities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Discovereads
When was Discovereads founded?
Discovereads was founded in 2009.
Where is Discovereads located?
Discovereads is headquartered in United States.
What does Discovereads do?
Discovereads was established in 2009 in the United States as an online platform focused on the literature discovery sector. Book recommendations are provided to users through web-based tools on discovereads.com. Operations center on facilitating access to reading suggestions, with services tailored for individual preferences. The platform supports user exploration of books without physical retail involvement, emphasizing digital solutions in the publishing industry.
Who are the top competitors of Discovereads?
Who are Discovereads's investors?
Discovereads has 1 investor. Key investors include Goodreads.
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