Business

Inshorts raises USD 60 million from Vy Capital, existing investors

Information app Inshorts on Thursday stated it has raised USD 60 million (about Rs 445 crore) in funding from Vy Capital and present traders.

Inshorts additionally operates a location-based social media platform Public.

With this, the corporate has raised USD 140 million within the final one yr from traders, together with Addition, Tiger World, SIG, A91 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. Each Inshorts App and Public App are aimed to assist a few of these folks of their quest of maintaining themselves knowledgeable and we’re thrilled to have Vy Capital be a part of us in our journey,” Inshorts Co-Founder & CEO Azhar Iqubal stated.

The English information app claims to have 10 million customers on its platform, whereas one other app, Public claims to have 50 million energetic customers.

“We’re excited to companion with Azhar and staff of their journey to construct one of many largest content material platforms out of India, working two market-leading properties with a quickly rising consumer base. We sit up for working carefully with the corporate and the staff because it enters the following part of scaling,” Vy Capital companion Vamsi Duvvuri stated.

https://www.thehindubusinessline.com/info-tech/inshorts-raises-usd-60-million-from-vy-capital-existing-investors/article35340334.ece

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