Indigenous short-video sharing app Mitron has raised $5 million as part of Series A financing led by Nexus Venture Partners. Last month, Mitron raised Rs 2 crore in a seed round. The apps’ existing investors, like 3one4 Capital and LetsVenture, also participated in the latest round of the funding. In a press release, the Mitron app said the company will use the funding for product development, user engagement, and talent acquisition. The company also plans to onboard a network of content creators and invest in building its platform.
Mitron app raises $5 million in Series A funding; Nexus Venture Partners, Deep Kalra among investors
Date posted: Wednesday 19 August 2020