NewsHunt has 20 million monthly active users accessing mobile Internet in regional languages such as Tamil, Bengali and Telugu.
The median size of angel-funding rounds more than doubled to Rs 1.38 crore in the last year, and median valuation surged 35 per cent from a year earlier to Rs 9 crore.
The startup, founded three years ago by college dropout Ritesh Agarwal, now 21, is expected to be valued at about $400 million (Rs 2,500 crore) after the investment.
The company has 4.5 million users from India, with the country accounting for the second-highest paid users on the platform after China.
Gourav Rakshit, who was chief operating officer, has taken over as CEO at Shaadi, which has also beefed up its top management.
People with knowledge of the matter said that the company has raised $20 million (Rs 127 crore) from existing investor Tiger Global Management.
Music-streaming company Saavn has raised $100 million in funding led by Tiger Global Management as it prepares to launch a video service.
Meru also introduced a zero-click option, where the amount will be directly debited from mobile wallets.
Financial technology, ranging from online wallet service players like PayTM and MobiKwik to payment companies Citrus and Billdesk, has been on the investor radar for some time now.
Amazon is an innovative company that perceives consumer needs and innovates on their behalf.
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