About Magzter
Magzter is a company based in Chennai (India) founded in 2011 was acquired by VerSe in April 2024. Magzter has raised $13 million across 2 funding rounds from investors including VerSe, Singapore Press Holdings and Kalaari Capital. The company has 74 employees as of March 30, 2024. Magzter offers products and services including Digital Newsstand Platform. Magzter operates in a competitive market with competitors including Cafeyn, Readly, Zinio, PressReader and Ookbee, among others.
- Headquarter Chennai, India
- Employees 74 as on 30 Mar, 2024
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Sectors
Media & Entertainment
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Magzter Digital Private Limited
- Date of Incorporation 30 Jun, 2011
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.28 M (USD)1.4as on Mar 31, 2023
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Net Profit
$115.83 K (USD)4.59as on Mar 31, 2023
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EBITDA
$161.58 K (USD)7.22as on Mar 31, 2023
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Total Equity Funding
$13 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series B
Dec 12, 2013
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Investors
VerSe
& 2 more
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Employee Count
74
as on Mar 30, 2024
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Acquired by
VerSe
(Apr 18, 2024)
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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.
People of Magzter
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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.
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 |
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Investments in early-stage technology companies are made by Kalaari Capital.
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News and lifestyle media platforms are provided across digital channels.
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Developer of a short-video platform and technology infrastructure
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Investor details for Magzter
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Magzter
Investment portfolio details for Magzter
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Magzter
Detailed financials for Magzter
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- Historical revenue
- Profit trends
- Statement rows
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Magzter Comparisons
Peer comparison for Magzter
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of Magzter
Magzter 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 Cafeyn, Readly, Zinio, PressReader and Ookbee, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering multiple magazine reading solutions
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Digital magazines and newspapers are accessed via an online newsstand.
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Digital magazines from diverse publishers are distributed via multi-platform service.
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Digital newspaper and magazine aggregator
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Digital platform is utilized for newspapers and magazines access.
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Detailed competitors of Magzter
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Latest news on Magzter
Complete news archive for Magzter
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
As of Mar 30, 2024, the latest employee count at Magzter is 74.
Annual revenue of Magzter is $1.28M as on Mar 31, 2023.
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's top competitors include Readly, Cafeyn and PressReader.
Magzter offers Digital Newsstand Platform.
Magzter has 3 investors. Key investors include VerSe, Singapore Press Holdings, and Kalaari Capital.