Short Video

While ShareChat would be Snap’s first investment in the Indian startup ecosystem, for Google, the deal would mean backing third short video app from India after Josh and Roposo.

Similarly, its competitors had announced talent hunt shows and competitions to increase their pool of content creators. 

In the past decade, the company has raised around USD 900 million in capital.

Google directly competes with InMobi in adtech category.

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.

The listing was delayed due to the large number of orders placed in the secondary market, a source told 36Kr.

The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.

The area is the hometown of Chinese unicorns like ByteDance, Xiaomi, Didi, and Meituan.