Acquiring Company
VerSe Innovation
Acquired Company
Magzter
Bengaluru
City Of RochesterSoftwareinformation technology & servicesInformation TechnologyPublishingDescription
VerSe Innovation, the parent firm of Dailyhunt, has successfully acquired Magzter, a prominent digital newsstand company. The acquisition underlines VerSe's strategic focus on serving the affluent audience and expanding its digital content offerings. With Magzter's extensive magazine catalog, VerSe aims to enhance its user experience and strengthen its position in the digital news and content space.
Quick answer
VerSe Innovation is acquiring Magzter, announced April 18, 2024. VerSe Innovation is based in Bengaluru, Karnataka, India.
- How much did VerSe Innovation pay for Magzter?
- The deal value was not disclosed.
- What does VerSe Innovation do?
- VerSe Innovation’s proprietary technology platform powers 350 million + users to consume content in their local language on Dailyhunt.
- Where are VerSe Innovation and Magzter based?
- VerSe Innovation is based in Bengaluru, Karnataka, India. Magzter is based in City Of Rochester, New York, United States.
- Who are the decision-makers at VerSe Innovation?
- Fundz holds 1 contact at VerSe Innovation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at VerSe Innovation, and when
When VerSe Innovation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day VerSe Innovation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at VerSe Innovation, from your own LinkedIn network
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Frequently asked
Who acquired Magzter?
Magzter was acquired by VerSe Innovation, based in Bengaluru. The deal was reported on April 18, 2024. VerSe Innovation’s proprietary technology platform powers 350 million + users to consume content in their local language on Dailyhunt. Its technology also powers India’s #1 and most engaging short video app Josh. VerSe Innovation is privately held and operates in Software.
When did VerSe Innovation acquire Magzter?
VerSe Innovation's acquisition of Magzter was reported on April 18, 2024. VerSe Innovation, the parent firm of Dailyhunt, has successfully acquired Magzter, a prominent digital newsstand company. The acquisition underlines VerSe's strategic focus on serving the affluent audience and expanding its digital content offerings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Magzter do?
Magzter is a popular digital newsstand firm that offers more than 8,500 magazines on its app. It has over 1 million paying subscribers in India and 87 million active users globally. It is privately held, operating in Information Technology, and is based in City Of Rochester.
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