Indian TikTok Variants Get Google And Microsoft Backing With Great Funding: Reports
As Per the newest Reports, The Desi Variants Of TikTok Have Managed to boost Funds From Tech Biggies like Google And Microsoft. The Invested Funds Are Said To Be Worth $100 Million
During the month of June this year, the govt of India had imposed an entire ban on short video streaming app-TikTok. the choice commenced soon after a violent clash at the Galway Valley with China. Alongside TikTok many other applications were also banned. Now, the owners of TikTok copycat apps from India have raised approx. $100 million from investors including Alphabet Inc’s Google and Microsoft.
A Bengaluru-based VerSe Innovation, which owns Josh(TikTok clone) is now valued at quite $1 billion following the new investment. The AlphaWave which one among the a part of global asset manager Falcon Edge Capital, has also invested alongside Sofina Group and Lupa Systems. As per a report by NDTV, Google on the opposite side has also separately announced the investment in VerSe adding it had also invested in mobile advertising technology firm InMobi, which runs lock-screen content app Glance and short-video app Roposo.
The Chinese owned mobile app, TikTok was one among the foremost popular application in Indian including other countries. the appliance had around 1.5B downloads, out of which 466 M downloads where from India in 2019. Soon after the official ban on this app, the Desi Variants of TikTok started competing one another . TikTok clones like Mitron, Josh, Takatak, Roposo, Chingari and few others made quite buzz.
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