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News In Shorts raises funding from Times Internet, Flipkart founders & others

Mobile news aggregator News In Shorts has raised an undisclosed amount of seed funding from Times Internet, Flipkart co-founders Sachin and Binny Bansal and entrepreneurs Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra, reports TechCircle. The company plans to use the investment raised for improving their product, expanding its content for marketing. It had previously received a seed funding of Rs 10 lakhs (for 10% stake) while being part of TLabs’ fourth startup batch in September last year. Started in August 2013 by Azhar Iqubal, Deepit Purkayastha and Anunay Arunav, News In Shorts aggregates news across various categories and offers a 60-word summaries to its users along with a link to the original article. It currently provides these summaries through an Android app with an iOS app expected next month. We tried it on Nexus 4 and noticed that one can either flip through the top stories at the moment or head over to any specific news section like Technology or Entertainment section to browse through stories in that section. Interestingly, there is also a dedicated section for quirky news called "Hatke".   Manual editors: News In Shorts mentions that it uses manual editors to pick news stories and summarize them for users. In a sense, this is quite similar to what Circa or Jason Calacanis's Inside.com is doing on a global level. There is Yahoo's News Digest app that was built on top of Summly, the mobile news aggregation app Yahoo had acquired last year. However, Yahoo had mentioned that it uses a mixture of algorithm and manual editors to select the important articles and identify the important bits…

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