Started as a Facebook page in 2013, NCR-based news aggregator app News In Shorts has crossed 1 lakh download mark on play store and is backed by some prominent names. This week, the startup has raised over INR 25 Cr. in a new funding round led by Tiger Global, and its existing investors.
Betting on sharing the whole news story in just sixty words, News In Shorts publishes about 60 articles per day and is growing aggressively to take it to upto 300 articles per day.
We caught up with Azhar Iqubal who is the Co-founder of News in Shorts for a small chit-chat on the fund raising and the overall journey of News in Shorts.
Here’s the excerpts:
Inc42: Tell us about the overall journey of News in Shorts, starting from a Facebook page till raising INR25 Cr?
Azhar: We started with a Facebook page on 1st of April 2013. We got decent traction there. Following this, we got selected for the 4th batch of TLabs. We initially launched a beta version of the android app in July, and on Sept 4th 2013, we came up with the final app. Things started to move, and we closed our seed round of funding in July 2014. The investment was led-by angel investors and mentors Ankush Nijhawan, Gaurav Bhatnagar, and Manish Dhingra and was participated by Sachin and Binny Bansal along with Times Internet.