TECH IN ASIA - July 16 - India-based Inshorts, an eponymous news app and a hyperlocal social network called Public, has raised $60M in funding. The startup has secured $140M in the last year from investors. Founded in 2013, Inshorts is an app that curates news items across categories and has ~10M MAU. The two-year-old Public app allows users to record and share happenings in their cities or towns. Public has ~50M active users who upload 1M videos every month.
5 posts categorized "Public"
Indian Digital Media Startup Nets $60M in New Funding Round
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Public Is Launching In-app Live Audio Programming
THE VERGE - May 26 - Public, the trading and social networking app, says it's planning to roll out live audio features starting this week under Public Live. Public will initially program these chats with moderators it pays, meaning not just anyone can start a conversation. It'll host about three events a week, and users will receive a push notification from joining, along with a badge inside the app allowing them to hop into it. Topics might include coverage of an upcoming IPO, the day's news, or analysis.
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Indian Social Network Public App Raises $41M
TECH CRUNCH - Mar 25 - Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41M in a new round, just 6 months after securing $35M as the hyper-local Indian startup looks to expand its presence in the world's second-largest internet market. Azhar Iqubal, founder and CEO of Public App, said the social network has amassed ~50M users already, and he aims to expand it outside the country eventually. The app, launched in April 2019, has already attracted individuals such as politicians and several major firms such as Amazon, HDFC Bank, and GSK that are using Public App to reach their audience.
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Public.com Announces $220 Million in Series D Funding
BUSINESSWIRE - Feb 18 - Public.com, the investing social network headquartered in New York, announced that it has raised $220M in Series D funding from existing investors Accel, Greycroft, and Lakestar, as well as Intuition Capital, Tiger Global, The Chainsmokers' Mantis VC, Will Smith's Dreamers VC, Inspired Capital, Aglae Ventures, and YouTube legend Phil DeFranco. This comes two months after the company's $65M Series C fundraiser, bringing the total funding to date to $310M and raising the company's valuation to $1.2B. Public also announced its community reached 1M members, 18 months after launching. On Public, investors from various backgrounds and walks of life collaborate and build financial literacy together - making investing more inclusive, educational, and human.
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Investing Social Network Public.com Raises $65 Million in Series C Funding
PULSE 2.0 - Dec 22 - Investing social network Public.com announced that it has raised $65 million in Series C funding. This funding round comes eight months after the company's $15 million Series B fundraise, bringing the total funding to date to $90 million. With this round of funding, the company plans to double-down on its people-first approach to investing. Public.com's community of investors has grown 10x since its launch in September 2019 and it is about 40% women. Other renowned members include actor and activist Adrian Grenier; Aerie model and body positivity activist Iskra Lawrence, Premier Lacrosse League co-founder Paul Rabil; Chillhouse Founder & CEO Cyndi Ramirez-Fulton; Harlem Capital partner Brandon Bryant; and business professor Scott Galloway, who invested seven figures in the company earlier this year.
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