NewsDistill, a Hyderabad-based news aggregator app has raised $100,000 in seed funding from a group of investors including Narasimhan Ganesh, senior director, Box.com, Ramana Thummu, vice president of eBay and Sudhir Mallem of Uber.
Launched in 2015, NewsDistill aggregates news sourced from various Indian newspapers, television channels, RSS Feeds, custom feeds and social media in eight major Indian languages besides English. The news is presented through innovative algorithms to the user through user interface application.
Commenting on the development, Narasimha Reddy, co-founder of NewsDistill said,"There is a huge demand for personalised news feed on mobile apps especially for those who wish to spend quality time reading similar news from various media channels through multiple languages and quick filters. NewsDistill is embarking upon expansion and product development to meet the demand. The current round of investment will be used towards product development and talent aquisition. Our short vision is to become the top news aggregator in India in the next few months"
NewsDistill has recently upgraded its product features by adding personalised 'newsplayer' that auto-reads news on the mobile for the reader. NewsDistill has also introduced patented robotic voice besides working on creating hyper-local filters to keep the user connected to his neighborhood always, according to the company.