On April 29, 2024, Magzter Inc. (Magzter), the world's largest self-service, cross-platform digital newsstand, was acquired by VerSe Innovation Pvt. Ltd. (VerSe), an India-based content technology platform whose products include Josh, a short-form video platform.
“We are excited to join forces with VerSe Innovation and contribute to the evolution of content consumption in India. This partnership opens up new avenues for delivering high-quality content experiences to users across India, further strengthening our goal of providing unparalleled digital reading experiences to our readers.”
Girish Ramdas and Vijayakumar Radhakrishnan, Co-Founders, Magzter
Kroll’s Technology and Business Services Investment Banking practice served as exclusive sell-side M&A advisor to Magzter in connection with the transaction.
About Magzter Inc.
Magzter is the world's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore and will soon be expanding to other countries. Founded by global entrepreneurs Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.
About VerSe Innovation Pvt. Ltd.
VerSe is an India-based content technology platform company. The Company's products include Josh, which is a short-video platform. The Company's platform features inlcude short films, content incubators, 360 solutions in virtual reality/augment reality (VR/AR), live streaming, films, partnerships with networks to cross promote, and studio spaces. The Company’s application is available on Android and iOS platforms.
