Feb 6, 2015

NewsHunt - A news aggregation APP Startup in India raises $40 million

NewsHunt  - A news aggregation Startup in India raises $40 million


TAGS: NEWSHUNT.COM , REVENUE MODEL, NEWS AGGREGATION, INDIA, STARTUP, VIRENDRA GUPTA, UMESH, KULAKARNI,

NewsHunt is a mobile news aggregation service that works on all platforms and devices including J2ME, Symbian, Blackberry, Android & iOS. NewsHunt service is focused on India, where it is available in 12 languages. It covers over 100 publications and counts 35 million downloads from domestic users, with a further 40 million coming from overseas.

NewsHunt supports the country’s top English dailies but the bigger draw is the coverage of the vernacular newspapers around the country.

NewsHunt has raied $40 million in Series C round from New York-based hedge fund Falcon Edge Capital led the round, with participation from existing investors Matrix Partners, Sequoia Capital and Omidyar Network.

Founded
2009

Founder
Virendra Gupta

Funds Raised
Series B : $16million

App Traffic
1.7 Billion Pages per month

NewsHunt Revenue Model

  • Make money from eBook and magazine purchases/subscriptions
  • Earn referral fees from partnerships with various publications in India
  • Some revenues from ad/subscription revenue


Incoming Search terms
Newshunt funding -Story 
Indian Mobile Startups FreeCharge, NewsHunt Raise Fresh Funds
NewsHunt, India's news reader app for local languages, raises $40.5M in funding
Local language mobile app Newshunt raises $40M
Newshunt raises Rs 250 Cr to grow its vernacular content aggregation platform

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