Total amount raised
$164.9 Million
Latest funding date
7/1/2021
Location
Inshorts has successfully raised funding over 9 rounds, with notable investors including Vy Capital and Kisho Capital. The latest funding was secured through a Venture - Series Unknown round.
The platform offers concise news summaries in 60 words, catering to users who prefer quick updates. Keep reading to explore the intricacies of Inshorts' fundraising journey and the investors backing this innovative platform.
What Is Inshorts?
Inshorts is a digital media company based in Noida, Uttar Pradesh, India. It operates a news app that delivers concise 60-word summaries of news articles, covering a wide range of topics including tech and business. The company is part of the news and media industry and has a significant workforce, with an employee count ranging between 501 and 1000.
Founded by a team whose names are not explicitly mentioned, Inshorts has gained popularity for its user-friendly features and personalized news feeds powered by an AI engine. The app has been recognized by both Apple and Google, boasting a high user rating and accolades such as being listed in Google's Best Apps of 2015. The company has also made strategic acquisitions to bolster its growth.
How Much Funding Has Inshorts Raised?
- Pre-Seed Round
- Amount Raised: $20,000
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the Inshorts app and cover initial operational costs.
- Seed Round
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the app and expand the team.
- Seed Round
- Date: July 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance app features and increase user acquisition.
- Series A
- Amount Raised: $4,000,000
- Date: February 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve app functionality.
- Series B
- Amount Raised: $20,000,000
- Date: July 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in marketing efforts.
- Series Unknown
- Amount Raised: $5,000,000
- Date: December 2017
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series Unknown
- Amount Raised: $35,000,000
- Date: September 2020
- Lead Investors: Addition
- Valuation at Round: $125 million
- Motivation Behind the Round: To enhance the Public app and expand its user base.
- Series Unknown
- Amount Raised: $41,000,000
- Date: March 2021
- Lead Investors: A91 Partners
- Valuation at Round: $250 million
- Motivation Behind the Round: To scale the Public app and enhance its features.
- Series Unknown
- Amount Raised: $60,000,000
- Date: July 2021
- Lead Investors: Vy Capital
- Valuation at Round: $550 million
- Motivation Behind the Round: To expand the reach of the Public app to a broader audience.
Total Amount Raised: $185,020,000
Current Valuation: $550 million
Key Investors
- Vy Capital
- Details: Vy Capital is a global technology investment firm that has led multiple funding rounds for Inshorts. The firm is known for its focus on high-growth technology companies.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Reddit, Zomato
- Addition
- Details: Founded by Lee Fixel, Addition is an investment firm that focuses on early and growth-stage technology companies. The firm has participated in several funding rounds for Inshorts.
- Investment Focus Areas: Early-stage technology, growth-stage technology
- Notable Investments: Stripe, Coinbase
- Tiger Global Management
- Details: Tiger Global is a global investment firm that invests in private and public companies across various sectors. It has been a significant investor in Inshorts, participating in multiple funding rounds.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Flipkart
- SIG
- Details: Susquehanna International Group (SIG) is a global quantitative trading firm that also invests in technology, healthcare, and financial services. SIG has participated in previous funding rounds for Inshorts.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Alibaba, ByteDance
- A91 Partners
- Details: A91 Partners is an investment firm focused on growth-stage companies in India. The firm has been involved in funding rounds for Inshorts, contributing to its growth.
- Investment Focus Areas: Consumer, healthcare, financial services, technology
- Notable Investments: Sugar Cosmetics, Digit Insurance
What's Next for Inshorts?
Inshorts stands at the cusp of significant growth opportunities, driven by the expansion of its Public app. With over 60 million monthly active users, the app's potential to diversify into e-commerce, classifieds, and entertainment is immense. The void left by the ban on TikTok and other China-linked apps presents a unique chance for Inshorts to capture a larger market share in the short video space.
Given the rapid growth and strong investor confidence, future fundraising opportunities appear promising. The company has already raised $140 million in the past year, indicating a favorable environment for attracting further investments. However, challenges such as competition from other platforms and maintaining user engagement in a crowded market remain. Navigating these hurdles will be crucial for sustaining growth and capitalizing on the burgeoning digital content landscape.
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