Byton reportedly extended its suspension of work and production until June 2021.
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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.
Over the last couple of years, Mirae Asset Venture Investment has invested almost USD 200 million from its global fund in Indian tech startups including Ola, BigBasket, and Zomato, among others.