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Home Gadgets Inshorts raises $60 million from Vy Capital, existing investors

Inshorts raises $60 million from Vy Capital, existing investors

Mumbai: News aggregating app Inshorts has raised $60 million in a funding spherical led by Vy Capital together with participation of present buyers.

With this, the corporate—which additionally operates the location-based social media platform Public—
has raised $140 million within the final one 12 months from buyers together with Addition, Tiger World, SIG, A91 Companions and Tanglin Enterprise Companions.

“The world is altering each minute, and every considered one of us has an inherent need to stay up to date about these adjustments,” Azhar Iqubal, cofounder and chief govt of Inshorts, stated. “Each Inshorts and Public are aimed to assist a few of these folks of their quest of preserving themselves knowledgeable and we’re thrilled to have Vy Capital be part of us in our journey.”

Vy Capital associate Vamsi Duvvuri stated, “We’re excited to associate with Azhar and staff of their journey to construct one of many largest content material platforms out of India, operating two market main properties with a quickly rising consumer base. We look ahead to working carefully with the corporate and the staff because it enters the following section of scaling.”

Inshorts, which places out 60-word snippets of stories, claims to be India’s largest short-form information app with best-in-class retention and a powerful consumer base in Tier-I cities.

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