Hyperlocal News App Way2News Bags $16.75 Mn To Expand User Base In Southern States

Hyperlocal News App Way2News Bags $16.75 Mn To Expand User Base In Southern States

SUMMARY

Way2News will deploy funds to expand its user base across Tamil Nadu, Karnataka and Kerala

Founded in 2015 by Raju Vanapala, Way2News provides short format news in eight vernacular languages including Hindi, Marathi, Telugu, Tamil, Malayalam, Kannada, Bangla, and Gujrathi

Way2News has a vast network of over 30,000 reporters that contribute 5000 stories on a monthly basis to the platform

Hyperlocal news app Way2News has raised $16.75 Mn through equity financing in its Series A funding round at a post-money valuation of $60 Mn. The round saw participation from Westbridge Capital and Sashi Reddi. 

Way2News will deploy the funds to expand its user base across Tamil Nadu, Karnataka and Kerala. Further, the funds will be used to hire talent for editorial, sales and marketing teams and also, invest in tech infrastructure.

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