Location-based social network Public App raises Rs300 crore in funding

BENGALURU: Location-based social network, Public app, on Wednesday said it has raised an additional Rs300 crore from A91 Partners as a part of its latest funding round, which also saw participation from existing investors.

The fund raise comes six months after it raised Rs260 crore led by Flipkart-backer Lee Fixel’s Addition, along with SIG and Tanglin Venture Partners, in September last year.

The fresh funds will be utilised for rapid scaling up of tech infrastructure, content offering, and employee base speed up growth and improve retention and engagement metrics on the app.

Public App is a social network which is based on a hyper-local strategy and provides updates and happenings, around a user’s location, enabling hyper-local commerce, jobs, classifieds and more.