Microsoft and Google were part of an investment round of over $100 million for VerSe.
VerSe makes Dailyhunt, a news aggregator, and Josh, a TikTok rival based in India.
The recent investment in VerSe is led by AlphaWave.
Microsoft and Google were part of an investment round that raised over $100 million for VerSe Innovation (via Bloomberg). VerSe makes Dailyhunt, a news aggregator, and Josh, a short video app and TikTok rival based in India, among several other brands. VerSe is now valued at more than $1 billion.
The latest wave of investment is led by AlphaWave. Previous investors Sofina Group and Lupa Systems also joined in the investment. Goldman Sachs and Sequoia Capital India are also investors in VerSe.
Google, Mithril Capital infuse $145mn in Roposo owner Glance daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
India: InMobi’s content platform Glance turns unicorn in less than 2 years
Photo by Sam McGhee on Unsplash Premium
Mobile-advertising entity, InMobi has seen a second unicorn emerge from its group, as its lock screen platform subsidiary, Glance has raised $145 million in a primary investment round from Google and existing investor Mithril Capital.
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InMobi s Glance enters unicorn club after Google-led funding round
Raising fresh funds of $145 million from Google and Mithril Capital at a valuation of $1 billion, the company looks to bolster its tech and product offering
Rukmini Rao | December 22, 2020 | Updated 21:15 IST
Glance has 115 million daily active users who spend 25 minutes per day on the platform
InMobi Group s subsidiary Glance has raised a fresh round of funding of $145 million from Google and its existing investor Mithril Capital. According to sources the current round of funding has been done at a valuation of over a $1 billion turning Glance into a unicorn. The company said it will use the funds to deepen its artificial intelligence (AI) capabilities across Glance and short-form video platform Roposo along with expanding its technology team and also launching new services on the platform. The company will also be looking at strengthening the brand and expansion across global markets. We are absolutely thri
InMobi’s Glance turns unicorn in less than 2 years
The Google strategic investment also allows Glance to seek deeper integrations with the Android ecosystem, worldwide.
(InMobi/LinkedIn)
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Mobile-advertising entity, InMobi has seen a second unicorn emerge from its group, as its lock screen platform subsidiary, Glance has raised $145 million in a primary investment round from Google and existing investor Mithril Capital.
Two individuals aware of the deal, saidthat the funding values the firm at a little over $1 billion dollars. InMobi and Glance did not confirm the valuation to Mint, until press time.
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