17/02/2015 4:46 PM IST | Updated 15/07/2016 8:25 AM IST

News In Shorts Raises Rs25 Crore Led By Tiger Global

Washington: India-based company News In Shorts has reportedly raised Rs 25 crores in Series A funding led by Tiger Global.

According to Tech Crunch, the funding round for the New Delhi-based startup that operates a news digest app for iOS and Android included participation from Japan's Rebright Partners and existing investors Sachin and Binny Bansal, the founders of e-commerce firm Flipkart.

News In Shorts publishes 60-word summaries of the day's top stories from categories including sports, entertainment, national and international news.

Azhar Iqubal, founder and CEO told TechCrunch in an interview that the idea is that readers should have enough of an understanding of a story within 30 seconds of reading, adding that the company used a team of editors because it believes that technology is not up the mark.