Desi TikTok Variant Gets Google, Microsoft Backing In $100 Million Funding

Tuesday, 22 December 2020Newsdesk

The parent of a TikTok copycat from India has raised more than $100 million from investors including Alphabet Inc's Google and Microsoft, months after the Chinese-owned short-video app was banned in the country.

New Delhi, 22 December 2020

The app, Josh, is one of several home-grown short-video platforms that have sprung up since India blocked the wildly popular TikTok in June amidst a border crisis with China, attracting global investor interest in applications filling the gap. Bengaluru-based VerSe Innovation, which owns Josh, is valued at more than $1 billion following the investment, it said in a statement.

Source -NDTV