GIF platform Giphy raises $72 mn at valuation of $600 mn
New York-based startup Giphy, which is a search engine for short looping videos called Graphics Interchange Format (GIF), on Monday raised $72 million (₹ 480 crores) in Series D round of funding at a valuation of $600 million (₹4,000 crore). Founded in 2013, the startup recently announced that its GIFs are seen by over 100 million people per day.