News aggregation platform Inshorts has raised Rs 260 crore from former Tiger Global fund manager Lee Fixel’s new fund Addition, along with SIG Global and Tangling Venture Partners. The company said the capital has been raised for its social network platform Public App.

Inshorts had launched Public App in April 2019 as a social network for local updates as well as local commerce and classifieds.

Fixel, who led Tiger Global’s investments into Flipkart and several startups in India, launched Addition as an over $1 billion fund after he left the New York-based fund. In fact, Tiger Global had also backed Inshorts while Fixel was leading the fund in 2015.

“We are thrilled to have this support from Addition, SIG Global and Tangling Venture Partners in our journey towards building the world’s largest location-based social network,” said Azhar Iqbal, CEO, Public App.

The company claims Public App has over 50 million active users and over 1 million videos being created every month. It is available in several Indian languages.