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Google announces two investments in India, leads USD 145 million round in InMobi's Glance
Google directly competes with InMobi in adtech category.
3 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
VerSe will use new funds to expand local language offerings, build a content creator ecosystem, and develop AI and ML-based platform for its short video app Josh.
In January, Pine Labs reportedly secured around USD 100 million from Master Card at a valuation of USD 1.5-1.6 billion.
The five-year-old company runs a network of 3000-plus restaurants across four countries.
The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.
The Facebook-owned company is currently allowed to extend its payment service to a maximum of 20 million users for peer-to-peer transactions.
The company plans to use the fresh funds to expand operations across European and South American markets, make acquisitions, and invest in R&D.
In May, Ola Electric acquired Amsterdam-based electric two-wheeler OEM Etergo BV to make an entry into this market.
Disney+ entered India in early April through Hotstar and garnered about 18.5 million paying user by September-end.