Way2News
Founded Year
2015Stage
Series A | AliveTotal Raised
$16.75MValuation
$0000Last Raised
$16.75M | 1 yr agoAbout Way2News
Way2News provides hyperlocal news. Its platform provides short format news in eight vernacular languages including Hindi, Marathi, Telugu, Tamil, Malayalam, Kannada, Bangla, and Gujrathi to users. The company is based in Hyderabad India and was founded in 2015.
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Latest Way2News News
Dec 22, 2022
Way2News, a city-based vernacular short news app has raised $16.75 million as part of its Series-A round from investors WestBridge Capital and renowned venture capitalist Sashi Reddi. A press release from the firm said the investment marks WestBridge Capital’s debut investment in the media and entertainment sector in India. The company plans to use the fresh capital to expand its user base across Tamil Nadu, Karnataka and Kerala and on hiring teams in editorial, sales, marketing, and scaling their robust AI-based technology to minimize human intervention in delivering credible news. ”At a time when existing social media and news syndication platforms may falter to find reliable local news, Way2News has cracked the code, enabling users to find credible news from small towns and villages while ensuring depth of coverage. Our mobile-first, crowd sourced News Platform, coupled with smarter AI-based quality checks, is revolutionary and sustainable,” said Raju Vanapala, founder and CEO of Way2News. ”Way2News has shown a remarkable ability to scale and grow capital efficiently. Their user acquisition approach, engagement, and retention rates are unique and best-in-class in the industry. Their focus on providing delightful experiences to users and passion to make Way2News the largest vernacular platform excites us, and we look forward to a long partnership with them,” said Sumir Chadha, co-founder and managing director at WestBridge Capital. Share this article:
Way2News Frequently Asked Questions (FAQ)
When was Way2News founded?
Way2News was founded in 2015.
Where is Way2News's headquarters?
Way2News's headquarters is located at Plot No.62, Hansa Crest, Road No. 1, Park View Enclave, Jubilee Hills,, Hyderabad.
What is Way2News's latest funding round?
Way2News's latest funding round is Series A.
How much did Way2News raise?
Way2News raised a total of $16.75M.
Who are the investors of Way2News?
Investors of Way2News include Sashi Reddi and Westbridge Capital.
Who are Way2News's competitors?
Competitors of Way2News include VerSe Innovation and 4 more.
Compare Way2News to Competitors
Rusk Media provides a digital news network tailored toward the Millennial and Gen-Z generations. Its digital media brands distribute their own IPs and branded content across YouTube, Meta, and other social media platforms. The firm was founded in 2019 and is based in New Delhi, India.
The Hindu Group is a publishing house associated with the publication of newspapers, magazines, and other journals. Its publications include The Hindu newspaper for daily national news, The Hindu Business Line for business news, Sportstar for sports news, Frontline magazine for politics, culture, science, world affairs, health news, and many more. It was founded in 1878 and is based in Chennai, India.
VerSe Innovation provides a content technology platform. The platform allows users to consume content in their local language on Dailyhunt. It also develops Josh, a short video maker application. It was founded in 2007 and is based in Bengaluru, India.
Kaydence Media Ventures is a consulting company. It specializes in business management, marketing, technology, finance, accounting, legal, government policies, and media. The company was founded in 2020 and is based in Mumbai, India.
Swarajya is a media company. It publishes online magazine that offers articles, interviews, and more . It was founded in 1956 and is based in Chennai, India.
Spot News is a localized news reading app customized for the culture and language of different markets in South-East Asia, available on the Android and iOS platforms.
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