Public App, the India-headquartered operator of a social network based on proximity, which counts quantitative trading firm Susquehanna International Group (SIG) as an investor, has received $41m in funding, TechCrunch reported yesterday.
Growth equity fund A91 Partners led the round at a $250m valuation and was joined by unnamed existing backers.
Founded in 2019, Public App runs a social network with 50 million members in India alone, and intends to expand internationally. It is available in several local languages and now integrates Inshorts, the short form news news aggregation app developer which spun it off two years ago.
Venture capital firm Addition led a $35m round for the company in September 2020 that included SIG and Tanglin Venture Partners, valuing it at $125m according to TechCrunch.
