When was NewsIT founded?

NewsIT was founded in 2009 and raised its 1st funding round 12 years after it was founded.

Where is NewsIT located?

NewsIT is headquartered in Athens, Greece.

How many employees does NewsIT have?

As of Jul 31, 2026, the latest employee count at NewsIT is 31.

Is NewsIT a funded company?

NewsIT is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Oct 01, 2021.

When was the latest funding round of NewsIT?

NewsIT's latest funding was a $***** Grant (prize money) round on Oct 01, 2021, with participation from 1 investor.

Where does NewsIT rank among its competitors?

NewsIT ranks 1456th amongst 17381 active competitors, of which 86 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was The Quint, which secured $5.83M in Mar, 2023.

Who are the top competitors of NewsIT?

NewsIT's top competitors include Axios, Mic and Rediff.com. Among them, The Quint secured the most recent funding round in March, 2023.

NewsIT - 2026 Company Profile, Team, Funding & Competitors

Q: Is NewsIT an acquired company?

NewsIT got acquired by Alter Ego Media on Jul 16, 2025.

NewsIT is an acquired company based in Athens (Greece), founded in 2009 by Bharathi dasan. It operates as a Provider of online news and information services. NewsIT has raised an undisclosed amount in funding. The company has 17381 active competitors, including 86 funded and 265 that have exited. Its top competitors include companies like Axios, Mic and Rediff.com.

Company Details

Provider of online news and information services. It delivers breaking news, in-depth analysis, and features across various categories including politics, business, sports, and lifestyle. The platform offers a comprehensive collection of articles, videos, and other multimedia content. It features a user-friendly interface and provides timely updates on current events. The service is designed to keep users informed about national and international developments.

Website: www.newsit.gr/
Social
Email ID: *****@newsit.gr
Phone Number: +30 **********

Key Metrics

Founded Year

2009

Location

Athens, Greece

Stage

Acquired

Latest Funding Round

Grant (prize money), Oct 01, 2021, $*****

Investors

Europa

Ranked

1456^th among 17381 active competitors

Employee Count

31 as on Jul 31, 2026

Similar Companies

The Quint & 12805 more

Exit Details

Acquired by Alter Ego Media (Jul 16, 2025)

View NewsIT's full profile

NewsIT got acquired by Alter Ego Media on Jul 16, 2025 at an acquisition amount of $*****.

Click here to take a look at NewsIT's acquisition in detail

NewsIT has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Oct 01, 2021 for $*****. 1 investor participated in its latest round. NewsIT has 1 institutional investor.

Here is the list of recent funding rounds of NewsIT:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2021	4550575	Grant (prize money)	9174924	7131773	5955795	5175080

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View details of NewsIT's funding rounds and investors

The founders of NewsIT is Bharathi dasan.

Here are the details of NewsIT's key team members:

Bharathi dasan: Founder & CEO of NewsIT.

View details of NewsIT's Founder profiles and Board Members

NewsIT's employee count trend

NewsIT has 31 employees as of Jul 26. Here is NewsIT's employee count trend over the years:

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Top competitors of NewsIT include Axios, Mic and Rediff.com. Here is the list of Top 10 competitors of NewsIT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Axios 2016, Arlington (United States), Acquired	App-based platform offering multi-category news	$30M	Lerer Hippeau, Greycroft & 13 others	77/100
2nd	Mic 2011, New York City (United States), Acquired	A news and media company targeting millennials	$61.3M	Lightspeed Venture Partners, Time Warner Investments ... & 12 others	71/100
3rd	Rediff.com 1996, Mumbai (India), Acquired	Provider of news, email services, stock quotes, and online expert advice	-	Quintrol Technologies, Queenswood Investments ... & 24 others	70/100
4th	Yandex 2000, Moscow (Russia), Public	Blog focusing on music, market, video, and other related topics	-	Middleland Capital, Uber & 10 others	67/100
5th	Sina 1998, China, Late Stage	Provider of product testing and review services	-	Sequoia Capital China, FountainVest Partners ... & 7 others	67/100
6th	Axel Springer 1946, Berlin (Germany), Public	Provider of news media and technology-related services and journalistic content	-	Hellman & Friedman, General Atlantic & 4 others	64/100
7th	Penske Media Corporation 2003, Los Angeles (United States), Series C	Provider of media and entertainment publications covering various industries and events	$235M	Public Investment Fund, Quadrangle Group & 4 others	63/100
8th	QQ 1999, Shenzhen (China), Funding Raised	Online platform offering multi-category news	-	Yunfeng Capital, Chuxin Capital & 6 others	63/100
9th	The Quint 2014, Noida (India), Series A	App-based platform offering multi-category news	$5.83M	AMG Media Network	62/100
10th	News 2012, Sydney (Australia), Unfunded	App based platform offering multi category news	-	-	62/100
1456th	NewsIT 2009, Athens (Greece), Acquired	Provider of online news and information services	-	Europa	25/100