News in Shorts, a mobile app firm that gives out top news stories in 60-word bite-sized portions, has raised seed investment from Times Internet and a group of entrepreneurs, including Flipkart co-founders Sachin Bansal and Binny Bansal. The funding will be used mainly to expand its content and technology teams. Launched last September, the Delhi-based company was part of the fourth batch of Times Internet's accelerator TLabs. Aimed at time-starved users, News in Shorts curates top stories and provides a short summary of each news item. The app has now clocked up over 30,000 users.
Source: Economic Times
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