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NewsDistill raises $100K in seed round
NewsDistill, a Hyderabad-based news aggregator app, has raised $100,000 in a seed round of funding from a clutch of investors and technology leaders, including Box.com Senior Director Narasimhan Ganesh, eBay Vice-President Ramana Thumu and Sudhir Mallem of Uber.Â
Hyderabad: NewsDistill, a Hyderabad-based news aggregator app, has raised $100,000 in a seed round of funding from a clutch of investors and technology leaders, including Box.com Senior Director Narasimhan Ganesh, eBay Vice-President Ramana Thumu and Sudhir Mallem of Uber.
The one-year-old startup, which aggregates news sourced from various Indian newspapers, TV channels, RSS and custom feeds, and social media in eight Indian languages besides English, is likely to raise an equal amount from other investors in the next couple of months.
“There is a huge demand for personalised news feed on mobile apps, especially for those who wish to spend quality time reading similar news from various media channels through multiple languages and quick filters. NewsDistill is embarking upon an expansion and product development to meet this demand. The current round of investment will be used for product development and talent acquisition,” Narasimha Reddy, Founder of NewsDistill, said in a release on Friday.
Available on Android as well as on the web platform, NewsDistill currently generates over 50 million page views per month. It is aiming at reaching 130 million page views by the end of November 2016. NewsDistill has recently upgraded its product features by adding a personalised ‘newsplayer’ that auto-reads news on the mobile for the reader.
