India-made TikTok replacement Mitron raises $5M funding by Nexus Venture Partners
Homegrown short-video making app ‘Mitron’ has raised $5 million funding led by Nexus Venture Partners. 3one4 Capital and LetsVenture also participated in the latest round. The Indian start-up plans to hire talented engineers to enhance its product development teams and add new features to the app. Since its launch in April 2020, the app has garnered 33M downloads on Play Store and has 9B video views per month, even before the Chinese apps were banned.