The BCC and SIG-backed news aggregator was valued at about $550m in a round led by technology investment firm Vy Capital.

Inshorts, the India-based news aggregator platform operator backed by quantitative trading firm Susquehanna International Group (SIG) and media group Bennett Coleman & Co (BCC), has raised $60m.

The round was led by technology investment firm Vy Capital and also featured undisclosed existing investors. It valued the company at approximately $550m, according to TechCrunch.

Founded in 2013, Inshorts runs an online news aggregation service that publishes news stories in 60 words or less. It launched a location-based social networking platform called…