Magzter is a cross-platform, self-service, global digital newsstand with thousands of magazines and newspapers from 5,000+ publishers. Girish Ramdas and Vijayakumar Radhakrishnan founded Magzter in 2011. The company is headquartered in

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

and since 2024, it is owned by VerSe Innovation.

History

Girish Ramdas, the company's

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

, and Vijayakumar Radhakrishnan, the company's President, founded Magzter in 2011. In 2010, Radhakrishnan began the development of a platform to digitally publish magazines and the magazine store's app launch in mid-2011. In 2012, Magzter completed its Series A funding round. In September 2012, Magzter was listed as The Highest Grossing App in Asia on the

Apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...

Store. In July 2013, the firm entered into collaboration with Amazon's Kindle Fire and introduced books to their publishing platform in September 2013. The company also completed its Series B funding round that year, which raised $10 million. In early 2015, Magzter launched Magzter GOLD, a subscription, that provides unlimited access to over 9,000 magazines and newspapers from around the globe. The company also has Magzter GOLD Lite, that allows unlimited access to five titles. On 18 April 2024, VerSe Innovation, the parent company of the Indian news aggregator app

Dailyhunt Dailyhunt (formerly Newshunt) is an Indian content and news aggregator application based in Bangalore, India that provides local language content in 14 Indian languages from multiple content providers. Viru serves as Founder of Dailyhunt with ...

, announced its acquisition of Magzter. While the financial terms were not disclosed, Umang Bedi, VerSe's co-founder, described the acquisition as VerSe’s largest to date, highlighting their focus on reaching affluent audiences.

Business operations

Magzter distributes magazines and newspapers from several countries including the United States, the United Kingdom, Europe, China, Hong Kong, Canada, Australia, Sri Lanka, South Africa, Indonesia, India, Thailand, the Philippines, Malaysia, and Singapore. The company works with more than 5,000 publishers in more than 60 languages. In July 2022, the company had 80 employees. The Magzter app is available on Apple iOS, Android (Google Play) and Amazon Appstore. The company counts among its publisher customers some marquee names including

Dotdash Meredith Dotdash Meredith (formerly The Mining Company, About.com and Dotdash) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, hom ...

(USA),

Condé Nast Condé Nast () is a global mass media company founded in 1909 by Condé Nast (businessman), Condé Montrose Nast (1873–1942) and owned by Advance Publications. Its headquarters are located at One World Trade Center in the FiDi, Financial Dis ...

(USA), Hearst (USA), A360 Media (USA),

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...

(USA), Maxim Inc. (USA),

Guardian News & Media Guardian Media Group plc (GMG) is a British-based mass media company owning various media operations including ''The Guardian'', and formerly ''The Observer''. The group is wholly owned by the Scott Trust Limited, which exists to secure the fin ...

(UK),

Future The future is the time after the past and present. Its arrival is considered inevitable due to the existence of time and the laws of physics. Due to the apparent nature of reality and the unavoidability of the future, everything that currently ex ...

(UK), Reach Publishing Services Limited (UK),

Media24 Media24 is a South Africa, South African mass media company with interests in digital media and services, newspapers, magazines, ecommerce, publishing, television, logistics, and distribution. Established in 2000, and owned by Naspers, the com ...

(South Africa), Tatler Asia (Singapore),

India Today Group Living Media India Limited, d.b.a. India Today Group, is an Indian media conglomerate based in New Delhi, India. It has interests in magazines, newspapers, books, radio, television, printing and the Internet. History India Today Group was f ...

(India), Worldwide Media (India), HT Digital Streams Limited (India), SPH Media Limited (Singapore),

Are Media Are Media is an Australian media company. It was formed after the 2020 purchase of the assets of Bauer Media Australia, which had in turn acquired the assets of Pacific Magazines, AP Magazines and Australian Consolidated Press (ACP) during th ...

(Australia) and Grupo Expansión (Mexico). Its headquarters are located in New York and sales offices and teams are in London, Mexico City, Amsterdam, Mumbai, New Delhi, Chennai, Bengaluru and Singapore.

Business model

Magzter participates in a revenue share model with publishers on magazine and newspaper sales.

References

External links

* {{in lang, en, ja, de, es, tr, ar
Magzter Gold - "All-You-Can-Read" Subscription Model

Magzter - Apple App Store

Magzter - Google Play (Android App)

Publishing companies established in 2011 Online publishing companies of the United States Zines Online magazines published in the United States Ebooks Magazine publishing companies of the United States American digital libraries 2011 establishments in New York City 2024 mergers and acquisitions