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| Name | 55 million app downloads for digital magazines & newspapers, the digital publishing business |
| Video Uploader | Video From Stars & Startups |
| Upload Date | This Video Uploaded At 13-07-2020 06:56:26 |
| Video Discription | #Startups #Business EP21: 55 million app downloads, business of magazines and starting with apps early {Girish Ramdas, Co-founder & CEO of Magzter} If you’ve had a smart phone since early days you’d likely recognise Magzter. Along with Zinio they were they apps that you could find your favourite magazines from across the world to access and read. They have over 55 million downloads of their apps and Girish speaks off how they hit 1 million downloads a months recently and likely greater than normal downloads due to COVID. On the episode I speak with Girish Ramdas, the CEO of Magzter. We have an unhinged conversation about Magzter, their successes, the journey of starting and scaling. — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — → Don’t forget to subscribe to the Newsletter via stars.substack.com so that you can receive future podcast releases delivered to your inbox! → We also have a coffee giveaway that's still open from EP20! All you have to do is sign up the Newsletter & tag me & the Podcast on social media of your choice, Linkedin / Instagram/FB wherever! Just these 2 things for you to win a bag of coffee from BlueTokaiCoffee! And possibly a Zoom chat with Matt, co-founder of BTC! — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — Magzter is hiring! Do check them out. Founded in 2011, by C.R. Venkatesh, Girish Ramdas & Vijayakumar Radhakrishnan. Magzter has raised a total of US$ 13M from investors including the Singapore Press Holdings & Kalaari Capital. Podcast links: https://anchor.fm/stars-and-startups Timeline: 02:27 - Inspiration for Magzter 03:55 - App businesses in early '10s 05:42 - Everyone had a Magzter app 07:17 - The reading destination 08:38 - Deprioritizing products & choosing a path 11:12 - Achieving product market fit after 4-5 years (2015) 11:47 - Newspapers leading to max DAUs; shift in habit 14:14 - National gold medals in rifle shooting & staying active 18:02 - Running a marathon 21:42 - Yogic practice 25:20 - Operating from NYC 26:22 - B2B adoption & new use cases 32:28 - Changing interaction 35:27 - Discovering the Zone use case 37:12 - COVID Baby 38:52 - “Trending” content in education? 40:37 - Academic journals 43:37 - 1 Million download a month, 50% growth in May 43:42 - Retention 45:37 - Splitting the pie 47:27 - User Generated Content 49:37 - Savings using Magzter 50:32 - Form factor 55:12 - Content to Commerce via Magzter 57:53 - Services Business & managing that business 1:03:42 -Trap of being in the services businesses 1:05:02 - Hardware play, moving into new verticals 1:08:49 - Raising money & becoming cashflow positive 1:12:49 - Hiring Check out my other videos: https://youtu.be/bsM08luUc1s https://youtu.be/KlvwFZr4RPg |
| Category | People & Blogs |
| Tags | startups | management | innovation | podcast | businesspodcast | startupfounders | india | product | startup | starsstartups | technology | careers | venturecapital | design | business | leadership | jobs | digital agency | content | magazines | magzter | covid19 | impact on business | downloads | edu content | entrepreneurship | startupapps | android | mobile | app idea | app publisher | how to build an app | app marketing | how to develop an app idea | app development | how to start app business | how to start building app | online business |
