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
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- 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.
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.
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.
| 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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Early-stage investments are targeted by Konark Trust venture capital firm.
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Venture capital is provided to multiple sectors by MMPL Trust.
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Investor details for Way2News
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Way2News
Investment portfolio details for Way2News
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- Transaction dates
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Financial Statements - Way2News
Detailed financials for Way2News
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
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Way2news Comparisons
Peer comparison for Way2News
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of multi category news portal
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An app-based platform is operated for multi-category news delivery.
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Online platform for news articles on sports, entertainment, and current events worldwide.
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Local news portal with a focus on Uttar Pradesh
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Kannada-language online news and information are provided across categories.
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Detailed competitors of Way2News
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Way2news
Complete news archive for Way2News
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Way2News
Way2News was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Way2News is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Raju Vanapala is the current CEO of Way2News. They have also founded this company.
Way2News is a funded company, having raised a total of $30.77M across 3 funding rounds to date.
As of Nov 27, 2024, the latest employee count at Way2News is 309.
Annual revenue of Way2News is $5.35M as on Mar 31, 2024.
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.
Way2News's top competitors include Hoopy Services, Knocksense and Public Next.
Way2News offers Way2News App.
Way2News has 6 investors. Key investors include WestBridge Capital, Sashi Reddi, Sashi Reddi Parvatha, Konark Trust, and MMPL Trust.
The valuation of Way2News is $51.22M as of Jun 2022.