Indian mobile app startup, News in Shorts that publishes news stories in 60-word bite-sized portion has raised $20 million from Tiger Global in Series B funding. The raised investment will be primarily used for expansion of the team and improving the user experience further. They particularly intent to focus on their Android app development as since maximum number of mobile devices in India are Android.
The company also plans to add a new personalized feature to the app, to make the search more relevant according to the user’s interest areas. There will also be a feature where a user can express and share his/her opinions, as reported by TechCrunch.
In February 2015 they had raised $4 million in Series A round of funding led by Tiger Global’s Lee Fixel with participation from Flipkart founders i.e. Sachin Bansal and Binny Bansal and Japan’s Rebright Partners.
The Noida-based company was founded in 2013 by Azhar Iqubal, Deepit Purkayastha and Anunay Arunav. The company raised it seed round of investment in June 2014. It gives 60 word summaries of the day’s top stories spanning across a range of categories, including sports, entertainment, national and international news. The startup started its journey from TLabs incubator in 2013. The app based service has had more than a million downloads for iOS and Android, as the company claims in its official release.