Way2News bags $14M funding in Series B round led by Westbridge Capital

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The story "Way2News bags $14M funding in Series B round led by Westbridge Capital" was covered 10 hours ago by YourStory, a news publisher based in India.

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Way2News bags $14M funding in Series B round led by Westbridge Capital - YourStory

Quick Summary:

The Hyderabad-based company plans to use the funding to deepen its engagement with communities consuming news in Telugu and Tamil, while also expanding across South India with a focus on Kannada and Malayalam in the coming quarters.

Its presence in the other languages has been minimal, mostly limited to pilot runs.“We focus on building businesses across various districts.

Way2News reported a loss of Rs 15.43 crore in FY23, a profit of Rs 4.79 crore in FY22, and a loss of Rs 1.02 crore in FY21.