 "News in Shorts raises $20 mn in Series B from Tiger Global")
Delhi-based news curation platform News in Shorts on Thursday said it had raised $20 million in Series-B funding from existing investor Tiger Global. Though the company plans to deploy the money in expanding the team and developing the technology back-end, Azhar Iqubal, co-founder, did not rule out generating contents in Indian languages. “We would definitely look at exploring the opportunities through local languages,” he said.
This is the third round of funding for News in Shorts that was incubated at Times Internet Ltd’s TLabs in 2013.
With this, the company has raised a litlle more than $24 million in total. This is the second round of funding for the company this year.
Earlier in February, News in Shorts had raised $4 million in Series A that was led by Tiger Global, with participation from Rebright Partners of Japan and existing angels Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra and Flipkart founders Sachin and Binny Bansal. It had raised $250,000 in seed round in June 2014.
The start-up founded in 2013, provides 60-worded summaries of top news of a day across a range of sections, including national, international, sports and entertainment, that are written by in-house editors.
If a user wants more detailed story, he/she can click on the link and will be directed to a third-party news publication. The company said it is also in talks with news houses and publications in the country to expand its reach.
The company was founded by Iqubal along with Anunay Arunav of IIT Delhi, and Deepit Purkayastha of IIT Kharagpur.
Earlier in February, News in Shorts had raised $4 million in Series A that was led by Tiger Global, with participation from Rebright Partners of Japan and existing angels Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra and Flipkart founders Sachin and Binny Bansal. It had raised $250,000 in seed round in June 2014.
The start-up founded in 2013, provides 60-worded summaries of top news of a day across a range of sections, including national, international, sports and entertainment, that are written by in-house editors.
If a user wants more detailed story, he/she can click on the link and will be directed to a third-party news publication. The company said it is also in talks with news houses and publications in the country to expand its reach.
The company was founded by Iqubal along with Anunay Arunav of IIT Delhi, and Deepit Purkayastha of IIT Kharagpur.
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