About Way2News
Way2News is a company based in Hyderabad (India) founded in 2014 by Raju Vanapala. It operates as a Freemium, and Advertising Model. Way2News has raised $30.77 million across 3 funding rounds from investors including WestBridge Capital, Sashi Reddi and Sashi Reddi Parvatha. The company has 309 employees as of November 27, 2024. Way2News offers products and services including Way2News App. Way2News operates in a competitive market with competitors including Knocksense, PublicVibe, Hoopy Services, Circle Internet and Public Next, among others.
- Headquarter Hyderabad, India
- Employees 309 as on 27 Nov, 2024
- Founders Raju Vanapala
- 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
*********
- Legal Name Way2news Private Limited
- Date of Incorporation 28 Nov, 2019
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$5.35 M (USD)32.03as on Mar 31, 2024
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Net Profit
$-6.65 M (USD)-269.11as on Mar 31, 2024
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EBITDA
$-6.72 M (USD)-178.04as on Mar 31, 2024
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Total Equity Funding
$30.77 M (USD)
in 3 rounds
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Latest Funding Round
$14 M (USD), Series B
Sep 17, 2024
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Investors
WestBridge Capital
& 5 more
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Employee Count
309
as on Nov 27, 2024
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Products & Services of Way2News
Way2News offers a comprehensive portfolio of products and services, including Way2News App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hyperlocal short news delivered in multiple Indian languages.
Funding Insights of Way2News
Way2News has successfully raised a total of $30.77M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14 million completed in September 2024. 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 3
- Last Round Series B — $14.0M
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First Round
First Round
(23 Feb 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - Way2News | Valuation | WestBridge Capital | |
| Jun, 2022 | Amount | Series A - Way2News | Valuation | WestBridge Capital | |
| Feb, 2022 | Amount | Angel Round - Way2News | Valuation | Chaluvadi Saketh Ramanuja |
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| 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 |
Investors in Way2News
Way2News has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include WestBridge Capital, Sashi Reddi and Sashi Reddi Parvatha. 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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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Konark Trust venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital is provided to multiple sectors by MMPL Trust.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Way2News
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Way2News
| 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 |
Way2news Comparisons
Competitors of Way2News
Way2News 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 Knocksense, PublicVibe, Hoopy Services, Circle Internet and Public Next, 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 |
Provider of multi category news portal
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| domain | founded_year | HQ Location |
An app-based platform is operated for multi-category news delivery.
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| domain | founded_year | HQ Location |
Online platform for news articles on sports, entertainment, and current events worldwide.
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| domain | founded_year | HQ Location |
Local news portal with a focus on Uttar Pradesh
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| domain | founded_year | HQ Location |
Kannada-language online news and information are provided across categories.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Way2news
Frequently Asked Questions about Way2News
When was Way2News founded?
Way2News was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is Way2News located?
Way2News is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Way2News?
Raju Vanapala is the current CEO of Way2News. They have also founded this company.
Is Way2News a funded company?
Way2News is a funded company, having raised a total of $30.77M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $21.53K, raised on Feb 23, 2022.
How many employees does Way2News have?
As of Nov 27, 2024, the latest employee count at Way2News is 309.
What is the annual revenue of Way2News?
Annual revenue of Way2News is $5.35M as on Mar 31, 2024.
What does Way2News do?
Way2News is recognized as Indias leading hyperlocal short news application, covering updates from 400 districts across the country. News content is provided in eight different languages, catering to diverse linguistic preferences. Features such as news sharing, categorized content, night mode, and personalized news flips are included to enhance user experience. The app serves millions of users with real-time updates and generates over 4 billion screen views monthly. Operations are focused on delivering localized stories from mandals, districts, and villages, supported by a network of contributors.
Who are the top competitors of Way2News?
Way2News's top competitors include Hoopy Services, Knocksense and Public Next.
What products or services does Way2News offer?
Way2News offers Way2News App.
Who are Way2News's investors?
Way2News has 6 investors. Key investors include WestBridge Capital, Sashi Reddi, Sashi Reddi Parvatha, Konark Trust, and MMPL Trust.
What is Way2News's valuation?
The valuation of Way2News is $51.22M as of Jun 2022.
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