News in Shorts, a startup that provides short and crisp news within 60 words has secured about INR 25 Cr in Series A round of funding.
The round was led by Tiger Global, with participation from Rebright Partners of Japan and existing investors Sachin and Binny Bansal.
The new funds will be used for making the platform (including the app) better and to offer more news, at least 120 articles a day.
Azhar Iqubal, Anunay Arunav of IIT Delhi, and Deepit Purkayastha of IIT Kharagpur started News in Shorts in 2013 with an aim to provide short news as the youth today doesn’t have the time to red read long news.
Recently, the Android app of News in Shorts on Google Play attained a rating of 4.6 and became the highest rated news app (considering apps with > 100,000 downloads) on the Store.
“Thousands of different forms – textual, video, audio – of content are being generated everyday. We intend to make all of this content easily consumable on mobile devices,” said Azhar Iqubal, Co-Founder and CEO.
Talking of the deal, Sachin Bansal said, “We admire News In Shorts for its dedication to create disruption in the news space. Clutter free and fast.
We believe in the potential and high traction that the application is already getting, and this round of funding will give wings to their ambitions.”