InShorts’ location based social media platform, Public has received $35 Million in a new financing round led by Addition, SIG Global and Tanglin Venture Partners. The deal also marks the Indian debut of Lee Fixel’s new VC firm Addition.

Lee, earlier leading Tiger Global had made several early stage investments in consumer internet startups such as Ola, Flipkart, Quickr and InShorts among others. Having quit Tiger Global in 2019, he founded Addition, a $1.3 Bllion venture capital firm in 2020.

Local is a location based social network platform that allows people to record and share happenings around them enabling real-time local updates. Focused more on Tier 2 and 3 cities, the platform is currently available in ten local Indian languages Hindi, Bengali, Gujarati, Tamil, Telugu, Kannada, Malayalam, Punjabi, Marathi and Assamese. Launched in 2019, the application had registered over 10 million users within six months of its launch. The company also claims that over one million videos are being created and shared on the platform every month.

“Public is giving everyone a platform to connect with their local communities and our rapid growth is demonstrative of the strong desire of people to stay connected with their localities,” said Azhar Iqubal, Founder & CEO, Public App & InShorts in a statement.

With the current round of funding, Local’s evaluation has reacged $125 Million. The firm intends to utilize the fresh capital to scale up its tech infrastructure, content offerings and employee base to further speed up the growth and continue improving on retention and engagement. The current round of funding “We are thrilled to have this support from Addition, SIG Global and Tanglin Venture Partners in our journey towards building the world’s largest location based social network," said Azhar in a statement.