About Magzter
Magzter is a Media & Entertainment company based in Chennai (India) founded in 2011, and was acquired by VerSe in April 2024. Digital magazines and newspapers are distributed via an online platform. Magzter has raised $13 million across 2 funding rounds from investors including VerSe, Singapore Press Holdings and Kalaari Capital. The company has 74 employees. Its website magzter.com draws about 721 thousand monthly visits. Its Indian entity Magzter Digital Private Limited reported revenue of ₹13.11 Cr. Magzter offers products and services including Digital Newsstand Platform. Its focus areas include Internet First Media, Digital Newsstands and Diversified.
Company details
Magzter was founded in 2011 in Chennai, India, as an online digital newsstand in the media and publishing sector. Access to magazines across categories such as entertainment, business, lifestyle, and fashion is provided, along with newspapers from various countries and regions. Operations are supported by a website at magzter.com and mobile applications for Android and iOS devices, enabling global user reach.
- Headquarters Chennai, India
- Employees 74
- Stage Acquired
- SectorsMedia & Entertainment
- Website category News and Media
- Website magzter.com
- Social LinkedIn X
- Acquired by VerSe (Apr 2024)
- Legal Name Magzter Digital Private Limited
- Date of Incorporation 30 Jun, 2011
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Magzter
Magzter operates through Magzter Digital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magzter Digital Private Limited CIN U74999TN2011PTC081288 | Active | 30 Jun 2011 | Chennai, Tamil Nadu | ₹13.1 Cr | 74 | 5 | View details |
Products & Services of Magzter
Magzter offers a comprehensive portfolio of products and services, including Digital Newsstand Platform.
Platform for accessing thousands of magazines and newspapers digitally.
Apps and channels of Magzter
Magzter publishes 6 mobile apps with over 1M+ downloads.
Funding Insights of Magzter
Magzter has successfully raised a total of $13M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 2013. 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 $13M
- Total Rounds 2
- Last Round Series B — $10M
- First Round $3M
(Jun 2012)
- Investors Count 2
All 2 funding rounds of Magzter 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 |
|---|---|---|---|---|---|
| Dec 2013 | $10M | Series B | – | – | |
| Jun 2012 | $3M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Magzter
Magzter has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include VerSe, Singapore Press Holdings and Kalaari Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
News and lifestyle media platforms are provided across digital channels. | 1984 | sph.com.sg | Singapore, Singapore | |
Developer of a short-video platform and technology infrastructure | 2007 | verse.in | Bengaluru, India |
Investor details for Magzter
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 Magzter Digital Private Limited (Magzter)
Magzter Digital Private Limited is the primary company behind Magzter. The board of Magzter Digital Private Limited currently have 5 directors; the longest-serving is Girish Ramdas, appointed in 2011. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Girish Ramdas DIN 00322479 | Director | 30 Jun 2011 | 15 yrs 4 mo | Magzter Digital Private Limited |
| Vijayakumar DIN 03500210 | Director | 20 Dec 2011 | 14 yrs 10 mo | Magzter Digital Private Limited |
| Abhishek Khaitan DIN 10596086 | Director | 29 Apr 2024 | 2 yrs 6 mo | Magzter Digital Private Limited |
| Joby Joseph DIN 10696219 | Director | 06 Aug 2024 | 2 yrs 2 mo | Magzter Digital Private Limited |
| Sri Abhilash Somanchi DIN 10744573 | Director | 15 Aug 2024 | 2 yrs 2 mo | Magzter Digital Private Limited |
People of Magzter
10 people are tracked at Magzter (6 in leadership, 2 in board & advisors, 2 in team); the tracked headcount is 74.
| Name | Role | Group |
|---|---|---|
Vijayakumar Radhakrishnan | Co-founder & President | Leadership |
| Co-Founder, CEO & Director | Leadership | |
Stanford F. | Vice President - Enterprise Accounts | Leadership |
Michael D. Triunfo | Director of Sales and Marketing, N.A. | Leadership |
Asha K | Executive Assistant To The President | Leadership |
Anil Sivadas | VP of Products | Leadership |
Rajesh Raju | Director | Board & advisors |
Michele Chong | Director | Board & advisors |
K O M A L .. | Enterprise Account Manager | Team |
Nagoor Meeran | Senior Ui&ux Designer At Magzter | Team |
Complete people profiles for Magzter
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Magzter
Figures of Magzter Digital Private Limited, the primary company behind Magzter, for FY 2025. Revenue was ₹13.11 Cr (+23% year on year). Net profit was ₹1.11 Cr (9% margin). EBITDA was ₹3.29 Cr (25% margin). Revenue has grown at a compounded annual rate of +8% over three years and +4% over five years.
- ₹13.11 CrRevenue · FY 2025 · +23% YoY
- ₹1.11 CrNet profit · 9% margin
- ₹3.29 CrEBITDA · 25% margin
- ₹1 LakhPaid-up capital
- 74Employees (provident fund records)
- +8%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magzter Digital Private Limited are on its company page.
Detailed financial statements for Magzter
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 Magzter
4 dated milestones of Magzter across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Magzter is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $10.0M.
- Exit Acquired by VerSe.
Web traffic of Magzter
The website of Magzter (magzter.com) receives about 720.9K visits a month and ranks #56,050 among all websites worldwide, #3,744 in News and Media.
- Monthly visits720.9K
▼ 6.5% vs previous month
- Unique visitors376.8K
per month
- Global rank#56,050
among all websites
- Category rank#3,744
News and Media
- Bounce rate45%
- Pages per visit4.4
- Average visit1 min 58 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Magzter. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ezinemart.com | ezinemart.com | 100% | #2,268,619 | – | |
news.google.com | news.google.com | 93% | #137 | – | |
| msn.com | 93% | #74 | View details | ||
| readwhere.com | 92% | 315.8K | #143,409 | View details | |
| thehindu.com | 91% | 64.4M | #949 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Magzter
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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 Magzter (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 Magzter
Complete news archive for Magzter
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Magzter
Magzter was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Magzter is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Magzter is a funded company, having raised a total of $13M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 2012.
Magzter has 74 employees.
The primary company behind Magzter, Magzter Digital Private Limited, reported revenue of ₹13.11 Cr for FY 2025, up 23% year on year.
Magzter was founded in 2011 in Chennai, India, as an online digital newsstand in the media and publishing sector. Access to magazines across categories such as entertainment, business, lifestyle, and fashion is provided, along with newspapers from various countries and regions. Operations are supported by a website at magzter.com and mobile applications for Android and iOS devices, enabling global user reach.
Magzter offers Digital Newsstand Platform.
Magzter has 3 investors. Key investors include VerSe, Singapore Press Holdings, and Kalaari Capital.
Magzter operates through Magzter Digital Private Limited.
Yes. Magzter was acquired by VerSe in April 2024.
The legal entities of Magzter currently have 5 directors, including Abhishek Khaitan, Vijayakumar, Girish Ramdas and others.
Yes. Magzter publishes The BOSS Magazine and 5 more apps, with over 1 million downloads.