3one4 Capital will be working with the MitronTV team to help build a grounds-up social video experience for India.
Mitron, which competes with Chinese app TikTok, has finally been able to raise its first venture capital funding
A CNBC-TV18 report said 3one4 Capital has invested in it. However, the amount of investment has not been disclosed.
Commending the Mitron team, Pranav Pai, Managing Partner, 3one4 Capital, said: "We are happy to be working with the MitronTV team to help build a grounds-up social video experience for India. We are excited to help build an India-first product that upholds strict data integrity, user privacy, and transparency."
It is not the only local app that has seen a massive surge in user base. Other homegrown apps such as Roposo and Chingari have also benefitted from the government's move.
First Published on Jul 1, 2020 06:12 pm