About NewsBytes
NewsBytes is a company based in Singapore (Singapore) founded in 2015. NewsBytes has raised $2.9 million across 6 funding rounds from investors including Mumbai Angels, North Base Media and UBR Capital. The company has 84 employees as of April 07, 2024. NewsBytes offers products and services including News App and News Website. NewsBytes operates in a competitive market with competitors including Axios, Yahoo, Wirtualna Polska, QQ and Sina, among others.
- Headquarter Singapore, Singapore
- Employees 84 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Elysium Labs Private Limited
- Date of Incorporation 27 Feb, 2013
- Jurisdiction Ghaziabad, Uttar Pradesh, India
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Annual Revenue
$987.29 K (USD)-29as on Mar 31, 2023
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Net Profit
-$52.75 K (USD)-209.55as on Mar 31, 2023
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EBITDA
-$51 K (USD)-126.66as on Mar 31, 2023
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Total Equity Funding
$2.9 M (USD)
in 6 rounds
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Latest Funding Round
$1.5 M (USD), Series A
Apr 15, 2020
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Investors
Mumbai Angels
& 34 more
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Employee Count
84
as on Apr 07, 2024
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Products & Services of NewsBytes
NewsBytes offers a comprehensive portfolio of products and services, including News App and News Website.
Platform for accessing latest news articles and updates
Site for browsing contextual news on various topics
People of NewsBytes
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Funding Insights of NewsBytes
NewsBytes has successfully raised a total of $2.9M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in April 2020. 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 Total Funding
- Total Rounds 6
- Last Round Series A — $1.5M
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First Round
First Round
(27 Aug 2015)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series A - NewsBytes | Valuation | North Base Media | |
| Jul, 2019 | Amount | Seed - NewsBytes | Valuation | Powerhouse Ventures | |
| Oct, 2017 | Amount | Seed - NewsBytes | Valuation | Müller Medien , Powerhouse Ventures |
Investors in NewsBytes
NewsBytes has secured backing from 35 investors, including venture fund and angel investors. Prominent investors backing the company include Mumbai Angels, North Base Media and UBR Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in early and mid stage companies in growing markets
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location |
Investments & Acquisitions by NewsBytes
Financial Statements - NewsBytes
Newsbytes Comparisons
Competitors of NewsBytes
NewsBytes 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 Axios, Yahoo, Wirtualna Polska, QQ and Sina, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category news is delivered through an app-based platform.
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| domain | founded_year | HQ Location |
News, insights, and services are delivered via an online platform.
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| domain | founded_year | HQ Location |
Digital news portal
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| domain | founded_year | HQ Location |
Multi-category news is delivered through an online platform.
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| domain | founded_year | HQ Location |
Provider of product testing and review services
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| domain | founded_year | HQ Location |
Multi-category news is delivered via an app-based platform.
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Frequently Asked Questions about NewsBytes
NewsBytes was founded in 2015.
NewsBytes is headquartered in Singapore, Singapore.
NewsBytes is a funded company, having raised a total of $2.9M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Aug 27, 2015.
As of Apr 07, 2024, the latest employee count at NewsBytes is 84.
Annual revenue of NewsBytes is $987.29K as on Mar 31, 2023.
NewsBytes was established in 2015 in Singapore as a news provider. Coverage of current events is delivered in sectors such as politics, sports, entertainment, automobiles, and lifestyle, with emphasis on India, business, and technology. The platform operates in multiple languages and grants access to news archives and related resources through its domain.
NewsBytes offers News App and News Website.
NewsBytes has 35 investors. Key investors include Mumbai Angels, North Base Media, UBR Capital, Powerhouse Ventures, and JITO Incubation & Innovation Foundation.
The valuation of NewsBytes is $5.81M as of Apr 2020.