99 Algorithms Pvt Ltd
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99 Algorithms Pvt Ltd - overview
Established
2015
Location
New Delhi, Delhi, India
Primary Industry
Internet
About
99 Algorithms Pvt Ltd operates a digital content platform that offers news and insights spanning various sectors, including technology and culture, catering to both Indian audiences and the global Indian diaspora. Founded in 2015, 99 Algorithms Pvt Ltd is based in New Delhi, India, and focuses on delivering a wide array of digital content. The firm has successfully executed 5 deals, with its most recent funding round occurring on February 12, 2020. This Series A round raised INR 151.
24 million, co-led by Al Falaj Investment Company and Indian Angel Network, with additional support from Maple Capital Advisors. The company's current valuation stands at INR 1,059. 51 million. Maxwholesale Indian News specializes in diverse content delivery across various sectors, including news, entertainment, technology, and sports.
Their core offerings include daily updates and in-depth articles designed to engage a broad audience, including general readers and industry professionals interested in both Indian culture and technological advancements. Their content, which covers national events and breakthrough technologies, is aimed at satisfying the need for timely and relevant information among the Indian diaspora and other global audiences. In the most recent financial year, 2023, Maxwholesale generated revenue of INR 244,114, while experiencing an EBITDA of INR -202,672. 4.
The company’s revenue model is based on a combination of advertising and potential subscription services, partnering with brands seeking visibility through sponsored content and advertisements on their platform. Following the funding round in February 2020, 99 Algorithms Pvt Ltd plans to leverage the raised INR 151. 24 million to enhance its content offerings and expand its market reach. The company is focusing on the development of new products, aimed at launching updates within the next year.
Furthermore, they have plans to explore new geographical markets beyond India, specifically targeting regions with significant Indian diaspora populations by the end of 2024.
Current Investors
Maple Capital Advisors, Indian Angel Network, Al Falaj Investment Company
Primary Industry
Internet
Sub Industries
Supermarkets & Grocery Stores, Web Applications
Website
www.maxwholesale.in
Verticals
E-commerce, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
99 Algorithms Pvt Ltd - timeline of key events
99 Algorithms Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 16,530,308 | 76,959,656 | 147,220,296 | 241,293,922 | - | - | - |
| % Revenue Growth (YoY) | - | - | 365.6% | 91.3% | 63.9% | - | - | - |
| EBITDA (USD) | - | (3,381,904) | (27,168,887) | (38,655,645) | (54,152,819) | - | - | - |
| Operating Income (USD) | - | (3,425,853) | (27,365,097) | (39,225,491) | (54,754,986) | - | - | - |
| Operating Margin | - | (20.7%) | (35.6%) | (26.6%) | (22.7%) | - | - | - |
| % EBITDA Margin | - | (20.5%) | (35.3%) | (26.3%) | (22.4%) | - | - | - |
| NET Income (USD) | - | (2,380,899) | (27,682,562) | (38,804,801) | (54,632,340) | - | - | - |
| % Net Margin | - | (14.4%) | (36.0%) | (26.4%) | (22.6%) | - | - | - |
99 Algorithms Pvt Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A | Completed | 99 Algorithms Pvt Ltd | - | ||||||||
| Unspecified Round | Completed | 99 Algorithms Pvt Ltd | - | ||||||||
| Seed | Completed | 99 Algorithms Pvt Ltd | - | ||||||||
| Unspecified Round | Completed | 99 Algorithms Pvt Ltd | - | ||||||||
| Seed | Completed | 99 Algorithms Pvt Ltd | - |
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99 Algorithms Pvt Ltd - employee data
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