# Magzter

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magzter

- Industry: Media
- Headquarters: New York, US
- Website: www.magzter.com
- Total disclosed funding: $13M
- Latest round: Series B (Dec 11, 2013)
- Investors on record: 2

## About

Based in New York, US, and founded in 2011, Magzter Inc. provides a self-service, cross-platform digital newsstand. The company was co-founded by Girish Ramdas (CEO) and Vijayakumar RadhaKrishnan. In April 2024, VerSe Innovation Private Ltd.., a portfolio company of Alpha Wave Global, Alteria Capital, B Capital Group, Baillie Gifford, Bay Capital Partners, Canaan Valley Capital, Catamaran Ventures, CPP Investment Board, Glade Brook Capital Partners, Goldman Sachs Asset Management, Google Inc., Kotak Alternate Asset Managers, LightVC,Lupa Systems, Luxor Capital Group, Matrix Partners, Microsoft, Ontario Teachers' Pension Plan, Qatar Investment Authority, Renu Sehgal Trust, Sequoia Capital, and many others, acquired Magzter Inc. from Cuscaden Peak Investments and Kalaari Capital for an amount.

The company offers a digital platform that provides magazines and newspapers across 40-plus categories and in 60-plus languages.  The magazines and newspapers available on the firm platform are Open Filmfare, Business Today India, Dainik Jagran, Mint Mumbai, Amar Ujala, and many others. The firm platform is available on  Apple iOS, Android (Google Play), Amazon Appstore, and Microsoft Store, and a website for browser-based reading.

The firm generates its revenue through subscription services of INR 1,999 for Magzter GOLD per year, INR 499 for Magzter GOLD Lite, and many others. Additionally, the firm charges customized pricing for Magzter GOLD Business.

## Funding rounds

- Series B, Dec 11, 2013, $10M — Cuscaden Peak Investments, Kalaari Capital
- Series A, May 9, 2012, $3M — Kalaari Capital

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Series A, Series B
- Cuscaden Peak Investments — Series B