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
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