Type Private Area served International Website www.magzter.com | Industry Digital publishing Number of employees 50 (July 2013) Founded 2011 | |
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Key people Girish Ramdas (Co-Founder & CEO)
Vijay Radhakrishnan (Co-founder and President) Headquarters New York City, New York, United States Founders Girish Ramdas, Vijayakumar Radhakrishnan Profiles | ||
Egnitha ponnuru from magzter super spotlight
Magzter is a cross-platform, self-service, global digital magazine newsstand with over 8,000 magazines from 3,400+ publishers. Girish Ramdas and Vijayakumar Radhakrishnan founded Magzter in 2011. The Company headquartered in New York.
Contents
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History
Girish Ramdas the company's CEO, 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 provide access to consumers to the magazine store's app launch in mid-2011. In 2012, Magzter completed its Series A funding round. In September 2012, Magzter was listed The Highest Grossing App in Asia on the Apple Store.
In July 2013, the firm entered into a 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,l. In early 2015, Magzter launched Magzter Gold, an all-you-can-read subscription model, similar to Netflix or Spotify, that currently provides unlimited access to over 107,000 issues of 3,750+ magazines. The company also has Magzter Lite ,that allows unlimited access to five titles.
Business operations
Magzter has magazines from 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 3,400 publishers in more than 50 languages from over 175 countries. By May 2015, Magzter had amassed over 29 million readers. Its headquarters are located in New York and sales offices and teams are in the United Kingdom, France, Germany, South Africa, Singapore, and India. In July 2013, the company had 50 employees. It has applications available for iOS, Android, and Windows 8, and is accessible from Magzter's website.
Business model
Magzter participates in a revenue share model with publishers on magazine sales. Publishers have the ability to add or edit advertisements from their printed editions, and receive all ad revenue. The company also provides publishers with sales reports and customer contact information. Magzter also uses an automated cloud service to upload magazines.