VerSe Innovation acquires Magzter to launch Dailyhunt Premium

Delhi: VerSe Innovation, India’s local language technology platform, announced its acquisition of Magzter, a cross-platform, self-service, global digital newsstand. 

Launched as Dailyhunt Premium, this subscription-based offering will provide users access to content from international publishers in over 60 languages including English, French, Italian, Japanese, Russian, Spanish, and more. This includes publications such as Time, Newsweek, Fortune, The Economist, Forbes, Reader’s Digest, Cosmopolitan, Vogue, Maxim, Elle, Vanity Fair, New Yorker, Bazaar among others across their respective India and international editions. 

Speaking about the acquisition, Virendra Gupta and Umang Bedi, Co-founders, VerSe Innovation, said, “Magzter is a perfect fit for our ecosystem. The acquisition aligns seamlessly with our growth trajectory and enhances our ability to deliver premium content experiences to our ever-expanding user base. We will keep strengthening our capabilities and spreading our wings, leading the way in India’s digital content space.”

“We are excited to join forces with VerSe Innovation and contribute to the evolution of content consumption in India," said Girish Ramdas and Vijayakumar Radhakrishnan, Co-Founders, Magzter. "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.”