News app Inshorts raised $60 million in funding led by Vy Capital
Some existing investors also backed the financial round
Company did not disclose details of participating investors
Total fund tally now stands at about $170 million
Backers include Tiger Global, SIG, A91 and Tanglin Venture Partners
Inshorts summarises news in 60 words
It also runs a location-based social media platform ‘Public’
Fresh capital will be used to boost tech infrastructure, content offerings and employee base
Inshorts enjoys a strong user base in tier-one cities
It has about 10 million monthly active users
