Startup City Magazine

AI Powered Short News app Awesummly Secures Rs.1 Crore Funding through 'The Vault'

Bengaluru: In the seventh episode of ‘The Vault’, Artificial Intelligence powered short news app, Awesummly, manages to grab the attention of Vivek Bhargava, CEO, iProspect and Ameera Shah, Owner, Metropolis Healthcare, who jointly invsted Rs.1 crore in the company against 30 percent equity in it.

Awesummly is live from August 2015, as a platform that features real-time summarised news with the assistance of artificial intelligence, and has no editors. It is available across more than 22 international languages to provide users with more relevant and concise content, with better experience.

Jatin Goel, Creator, The Vault says, “Investments made by the market doyens reflect the true potential and scalability of business ideas that are being presented on The Vault. As the show becomes an enabler of dreams for entrepreneurs hailing from all parts of the country, we expect more and more promising business ventures to take-off onto their successful commercial journey through this platform. We congratulate the team at Awesummly and wish them all the best in the next phase of their growth journey”.

Another company Khabri, a voice-over news platform, was also featured in this episode along with Awesummly, and both were given an equal chance to pitch their business ideas to the investors. However, the audience where shocked when Khabri failed to unlock The Vault in its initial pitch. While Khabri received the scroll for in-house mentorship from TLABS, Awesummly was awarded two investment offers from Mohit Goel, CEO, Omaxe Group as well as from the duo of Vivek and Ameera.

Current Issue

Featured Startups

Jitesh Nagaria,Founder & CEO,doLoop-Technologies

doLoop Technologies

Jitesh Nagaria,Founder & CEO,doLoop-Technologies

Vikram Thakur, Meenakshi Thakur,Co-Founder & CEO ,Co-Founder & Business Head ,Trio-Talent-Search

Trio Talent Search: Creating Success

Vikram Thakur, Meenakshi Thakur,Co-Founder & CEO ,Co-Founder & Business Head ,Trio-Talent-Search