Mitron raises $5 mn from Nexus Venture Partners
Mitron raised $5 mn led by Nexus Venture Partners. The round also saw participation from existing investors 3one4 Capital and Arun Tadanki’s private syndicate on LetsVenture. Several notable angles and entrepreneurs like Deep Kalra, Founder and Chairman MakeMyTrip; Anand Chandrasekharan, Former Facebook executive; Karan Bajwa, MD, Google Cloud India; Radhika Ghai, Co-founder, ShopClues; Jiten Gupta, Founder, Jupiter; Shanti Mohan, Founder, LetsVenture; Amrish Rau, CEO, PineLabs; TK Kurien, Premji Invest; Manish Vij, and Harish Bahl, Smile Group also participated in their individual capacity.
The funding will be used primarily for product development, increasing user engagement, and for talent acquisition. It will also help the startup to onboard a network of content creators and invest in the platform's brand. Arun Tadanki said in a press statement, “Mitron has been making rapid progress in establishing itself as the primary choice in the short-form video space and therefore, we are doubling down on our investment”