About Newsfast
Newsfast is a company based in Chennai (India) founded in 2016 by Mathivanan M was acquired by Asianet News in September 2017.. Newsfast operates in a competitive market with competitors including Way2News, Knocksense, PublicVibe, Hoopy Services and Circle Internet, among others.
- Headquarter Chennai, India
- Founders Mathivanan M
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Asianet News
(Sep 01, 2017)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Newsfast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newsfast
Newsfast has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Asianet News. 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 |
|---|---|---|---|---|
|
News and entertainment content is delivered in multimedia formats.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Newsfast
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Newsfast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newsfast Comparisons
Competitors of Newsfast
Newsfast 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 Way2News, Knocksense, PublicVibe, Hoopy Services and Circle Internet, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hyperlocal short news app is provided in multiple languages.
|
|
| domain | founded_year | HQ Location |
Provider of multi category news portal
|
|
| domain | founded_year | HQ Location |
An app-based platform is operated for multi-category news delivery.
|
|
| domain | founded_year | HQ Location |
Online platform for news articles on sports, entertainment, and current events worldwide.
|
|
| domain | founded_year | HQ Location |
Local news portal with a focus on Uttar Pradesh
|
|
| domain | founded_year | HQ Location |
Kannada-language online news and information are provided across categories.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Newsfast
When was Newsfast founded?
Newsfast was founded in 2016.
Where is Newsfast located?
Newsfast is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
What does Newsfast do?
Newsfast was established in 2016 in Chennai, India, by TV journalist Mathivanan MC as an online portal focused on Tamil-language news. Coverage includes politics, entertainment, sports, lifestyle, world events, and other sectors. More than 550,000 followers are reported on Facebook, with over 1 million unique visitors claimed as of September 2017. Acquisition by Asianet News Network took place in September 2017.
Who are the top competitors of Newsfast?
Newsfast's top competitors include Way2News, Hoopy Services and Knocksense.
Who are Newsfast's investors?
Newsfast has 1 investor. Key investors include Asianet News.