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Indian TikTok clone gets Google, Microsoft backing in $100 million fund raise

Indian TikTok clone gets Google, Microsoft backing in $100 million fund raise BENGALURU (Reuters) - 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. 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.

Indian TikTok clone gets Google, Microsoft backing in $100 mln fund raise

Article content BENGALURU 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. 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. We apologize, but this video has failed to load. Try refreshing your browser, or Indian TikTok clone gets Google, Microsoft backing in $100 mln fund raise Back to video

Indian TikTok clone gets Google, Microsoft backing in US$100 million fund raise

Indian TikTok clone gets Google, Microsoft backing in US$100 million fund raise Toggle share menu Advertisement 22 Dec 2020 02:05PM Share this content Bookmark BENGALURU: The parent of a TikTok copycat from India has raised more than US$100 million from investors including Alphabet Inc s Google and Microsoft, months after the Chinese-owned short-video app was banned in the country. 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. Advertisement Advertisement Bengaluru-based VerSe Innovation, which owns Josh, is valued at more than US$1 billion following the investment, it said in a statement.

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