MUMBAI: When Delhi-based mobile news app News In Shorts was evaluating raising institutional money last year, the young founders discussed the plan with Flipkart's Sachin Bansal, an angel investor in the venture.

"I remember we were on a call with Sachin, and we told him we were looking to raise a Series A round. The very next moment he introduced us to Tiger Global," says co-founder Azhar Iqubal, an IIT-Delhi dropout, just like his two other co-founders.

Tiger liked what they saw. They led a $4 million round of funding in the two-yearold startup last month. "Clearly, an introduction from Sachin carries a lot of weight," says Iqubal.........Read more

Source web page:THE TIMES OF INDIA