wordpress blog stats
Connect with us

Hi, what are you looking for?

News In Shorts raises Rs 25 crore from Tiger Global

News in shorts

Update: Times Internet CEO Satyan Gajwani informs us that the investment in News In Shorts is from Tiger Global, and not Lee Fixel in his individual capacity. The report below has been corrected to indicate the same.

Mobile news aggregator News In Shorts has raised Rs 25 crore from Tiger Global, reports the Economic Times. The report added that the deal could value the news startup at Rs 100 crore. The round of funding also saw participation from Rebright Partners of Japan, existing investors Flipkart’s Sachin and Binny Bansal.

The app publishes about 60 articles per day and plans to increase that to about 300 in the next three months. The Noida-based company will also expand its team from 16 to 60. News In Shorts also says it will be adding audio and video streaming along with a layer of personalization in the coming months. The company has no plans for monetization for at least two years but said it will be looking at native advertising and sponsored content later.

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  and iOS app.

Earlier in July last year, News In Shorts 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. It had previously received a seed funding of Rs 10 lakhs (for 10% stake) while being part of TLabs’ fourth startup batch in September 2013.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ