Inshorts Medialabs Private Limited
Inshorts is a fast growing news app which distinguishes itself by offering 60 word snippets on news items. Its 10 million users can customize their feed to match their interests. While it was initially offered only in English, the company is working on offering news in all major regional languages.
The company counts Tiger Global and the Bansals (Flipkart) among its investors. With mobile penetration increasing in India, the market for news syndication and distribution is growing everyday. As an early mover, Inshorts in well positioned to ride the growth wave.
Private Assets are a different breed of investments, here's what you need to know
How do I invest in Private Assets?
You can invest in the stocks fit for your portfolio and risk appetite by directly purchasing them from Minance.
Where are my stocks held?
Your stocks are held in your CDSL or NSDL demat accounts. If you don't have one, we will help you open it.
Will you help me choose the right stock for my portfolio?
Yes, our investment managers will be happy to help you choose the right stocks and purchase them.
What is the minimum amount I need to invest?
The minimum amount need to invest in a single firm is ₹50,000. To invest in a diversified portfolio, the minimum investment needed is ₹1,00,000
How do I track the performance of my investments?
While prices of unlisted stocks do not change frequently, your dashboard shows the latest going price.
Will you help me sell my unlisted stocks?
Yes, Minance will help you find a buyer however, we do not guarantee the same. Note that you are also free to sell these shares on your own.
Does Minance charge me a fee for selling these shares?
No, we make our money by purchasing shares early on and selling them when the valuations rise.
How and when are unlisted stocks taxed?
Unlisted stocks are taxed as short or long term capital gains and enjoy indexation benefit. To know more, please click here.