The news aggregator app Inshorts has raised $60 million in funding from Vy Capital, with participation from existing investors.

According to a statement, Inshorts has raised $140 million in the last year from investors such as 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,” said Co-founder & CEO, Azhar Iqubal.

According to the startup, Inshorts, which was founded eight years ago, has more than ten million users on its platform. The company also launched the Public App, a location-based social media app, two years ago, claiming a network of 50 million or more active users and one million videos created each month.

According to Inshorts, Public has a large user base in the country's Tier II and Tier III cities and is available in all regional languages. According to the founder, Public allows users to stay connected to their surroundings.

“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 properties with a rapidly growing user base. We look forward to working closely with the company and the team as it enters the next phase of scaling” said Vamsi Duvvuri, Partner, Vy Capital.

Inshorts Medialabs Private Limited is a software development firm. The company offers a mobile application that contains all articles and content categorised as national and international, political, sports, business, entertainment, and technology. Customers in India are served by Inshorts Medialabs.