Published On: Tue, Dec 22nd, 2020

Google invests in Indian startups Glance and DailyHunt

Google pronounced on Tuesday it is investing in dual Indian startups, Glance and DailyHunt, as a Android-maker creates offer pull in a world’s second largest internet market.

Two-year-old Indian startup Glance, that serves news, media content, and games on a close shade of over 100 million smartphones, has lifted $145 million in a new financing turn from Google and existent financier Mithril Partners. The new turn values Glance during over $1 billion, a chairman informed with a matter said, creation a startup a unicorn.

Glance, that is partial of promotion hulk InMobi Group, uses AI to offer personalized knowledge to a users. The use replaces a differently dull close shade with locally applicable news, stories, and infrequent games. Late final year, InMobi acquired Roposo, a Gurgaon-headquartered startup, that has enabled it to deliver short-form videos on a platform. Google is also investing in Roposo.

Roposo is a brief video height with over 33 million monthly active users. These users spend about 20 mins immoderate calm opposite mixed genres in some-more than 10 languages on a app everyday. 

Glance ships pre-installed on several smartphone models. The auxiliary maintains tie-ups with scarcely each tip Android smartphone businessman including Xiaomi and Samsung, a dual largest smartphone vendors in India. The use has amassed over 115 million daily active users.

“Glance is a good instance of creation elucidate for mobile-first and mobile-only consumption, portion calm opposite many of India’s internal languages,” pronounced Caesar Sengupta, VP, Google, in a statement. “Still too many Indians have difficulty anticipating calm to review or services they can use confidently, in their possess language. And this significantly boundary a value of a internet for them, quite during a time like this when a internet is a salvation of so many people. This investment underlines a clever faith in operative with India’s innovative startups and work towards a common idea of building a truly thorough digital economy that will advantage everyone.” 

Naveen Tewari, owner and arch executive of Glance and InMobi Group, pronounced a investment will pave a approach for “deeper partnership between Google and Glance opposite product development, infrastructure, and tellurian marketplace expansion.” The startup skeleton to muster a uninformed collateral to enhance in a U.S.

Investment in DailyHunt

Google pronounced on Tuesday that it is also investing in VerSe Innovation, a primogenitor organisation of Indian startup DailyHunt. Across a apps including eponymous use and short-video height Josh, DailyHunt claims to offer over 300 million users news and party calm in 14 Indian languages. The startup pronounced it has finished a turn of over $100 million from Google, Microsoft, and AlphaWave among other investors and this new turn values it during over $1 billion, creation it a unicorn.

DailyHunt — that is co-run by Umang Bedi, former Facebook India conduct — skeleton to muster a uninformed collateral to scale Josh app, a augmentation of internal denunciation calm offerings, a expansion of calm creator ecosystem, creation in AI and ML and a expansion of a truly “made-in-Bharat-for-Bharat short-video platform,” it said.

Josh and Roposo are among over a dozen apps in India that are attempting to fill a blank New Delhi combined after banning TikTok in late Jun in a country. TikTok identified India as a biggest abroad marketplace before to a ban.

Google is essay both these checks from India Digitization Fund that it denounced this year. Google has committed to deposit $10 billion in India over a march of subsequent few years. Prior to today, a association invested $4.5 billion from this account in Indian telecom hulk Jio Platforms.

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