ROPOSO Raises $10 mn from Tiger Global, Bertelsmann India Investments
Short-video platform ROPOSO Tuesday said it has secured USD 10 million in funding, led by existing investors Tiger Global Management and Bertelsmann India Investments (BII).
The company aims to leverage the capital infusion toward product technology, talent acquisition, and further expanding its 25 million-member community, ROPOSO said in a statement.
ROPOSO has raised USD 31 million till date.
We are growing at a phenomenal pace with our personalisation engine that caters to different types of audiences simultaneously... (We have) a monthly active user base of 7.5 million. At this rate, we are set to grow exponentially in the coming six months," Roposo CEO and co-founder Mayank Bhangadia said.
Roposo has extensive plans to enter the micro markets of India, and build up resour...