Inshorts

News app Inshorts on Thursday said it has raised USD 60 million (about Rs 445 crore) in funding from Vy Capital and existing investors. Inshorts also operates a location-based social media platform Public. With this, the company has raised USD 140 million in the last one year from investors, including Addition, Tiger Global, SIG, A91 and Tanglin Venture Partners. The world is changing every minute, and each one of us has an inherent desire to remain updated about these changes. Both Inshorts App and Public App are aimed to help some of these people in their quest of keeping themselves informed and we are thrilled to have Vy Capital join us in our journey, Inshorts Co-Founder & CEO Azhar Iqubal said. The English news app claims to have 10 million users on its platform, while another app Public claims to have 50 million active users. "We are excited to partner with Azhar and team in their journey to build one of the largest content platforms out of India, running two market-leading

New Delhi, 8 January News curator app Inshorts has said its location-based social network, Public, registered 10 million users within six months of launch.Public works on the idea that people should be able to record and share happenings around them, enabling real-time local updates, especially in tier-II and tier-III cities. It is a GPS location-based app and will show users content being generated near them and from people whom they follow (online). The beta launch test (the term for pre-release of software, given to a large group of users, to try under real conditions) for Public began in April. The final launch was in July. It reached the 10-plus million user mark in November. A million videos are being created every month on Public, says the company. It competes with the likes of TikTok, YouTube and other video-based apps. "Public is giving everyone a platform to connect with their local communities and our rapid growth is demonstrative of ..

Co-founder Azhar Iqubal says the news app may go behind a paywall but 'it is not something we will consider right now'