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Tiger Global invests $20m in Indian news app News in Shorts

  • Holden Mann
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Tiger Global has committed $20 million in Series B funding to Indian news curating and redistribution platform News in Shorts.

News in Shorts publishes about 60 news stories per day through its mobile app. The stories are condensed versions of longer articles culled from other media sources, and run no longer than 60 words each. The target audience is professionals and other individuals who want to stay informed but are too busy to read long articles.

According to a Tech Crunch post linked by News in Shorts' Twitter feed, the funds will be used to improve the company's Android and iOS apps and to add personalization and commenting features. The company claims its apps have been downloaded 1.3 million times, up from 100,000 in February.

News in Shorts raised its most recent investment in February, when Tiger, along with Japan's Redbright Parnters and Flipkart co-founders Sachin Bansal and Binny Bansal (no relation), invested $4 million for the company's Series A round.

Tiger's involvement in News in Shorts mirrors its activity in other segments of India's internet business sector. It recently led a $100 million Series C round for music streaming service Saavn, and earlier this year invested $20 million, alongside Nirvana Venture Advisors, into home appliance marketplace Zopper.

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