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Tiger Global, Bertelsmann back Roposo's short-video avatar with a $10M funding round

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Short-video platform Roposo has raised $10 million in funding, led by existing investors Tiger Global Management and Bertelsmann India Investments. The funding will be used for talent acquisition, product tech development and community expansion.

Founded by IIT Delhi graduates - Mayank Bhangadia, Kaushal Shubhank and Avinash Saxena, Roposo started out in July 2014 as a fashion discovery app. It then became a fashion-focused social network offering curated choices of apparel, footwear and accessories. Late last year, it pivoted to become a video-sharing app. Now, Roposo lets its users and people on the community to create and share videos and images.

TV By The People, as the platform is named, reportedly has 25 million users, 7.5 million user-generated posts and 4.8 billion video views a month, according to Roposo. And investors believe the potential for growth is huge.

Commenting on the investment, Rohit Sood, Principal, Bertelsmann India Investments said, “The company has scaled explosively over the past year but we are most excited about the management’s focus on the quality of user engagement on the platform. We are confident that Roposo will soon be the leading video creation and consumption app for........

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