Google Ethiopia Sugar Dating increases investment in India to create the youngest unicorn company
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According to reports , Google’s investments have helped create two of India’s youngest tech unicorns: startups that provide personalized news and entertainment to the world’s fastest-growing smartphone users.
Glance is a company that delivers news and sports scores to locked phone screens. It is reported that after completing a round of financing led by Google, the company’s valuation has exceeded US$1 billion. VerSe Innovation ET EscortsPvt, the studio behind popular news site Dailyhunt and TikTok-like app Josh, said it had scraped searches from Alphabet-owned Google Giants and Microsoft received more than $100 million.
Google and its US internet peers are steadily increasing investment in India, locking in the only country with a population of more than 1 billion after being shut out by China. From Amazon to Facebook, they are hoping to get a piece of India’s booming smartphones and online commerce. And ultimately create a market that may be able to compete with China, the world’s second largest economy.
Google has established an alliance with Reliance Industries Ltd., led by Mukesh Ambani, investing $4.5 billion and working on technology projects Ethiopians Escort is working together, including developing Ethiopians Escort affordable mobile phones . But they also work with smaller companies to target more precise local audiences.
“In the past two years alone, rural India has added 100 million new internet users,” Google Vice President Caesar Sengupta announced the investment in VerSe in a blog post on Tuesday. wrote, “But many Internet users still have difficulty finding content that they can browse in their native language or services that they can use with confidence.”
Among the two companies, Glance Digital Experience Pvt is headquartered in the southern Indian city of Bangalore ( Bangalore), is a younger company and the second unicorn company from InMobi Group, which founded the cloud marketing platform. The group was founded by 43-year-old Naveen Tewari, who graduated from the famous Indian Institute of Technology and holds an MBA degree from Harvard Business School. On Tuesday, his 18-month-old company ET Escorts announced that it had acquired money from Google and billionaire Peter Thiel. Mithril Capital, a venture capital institution, received investment.
Currently, Glance has 115 million daily active users, who spend an average of 25 minutes on the app every day. The app runs exclusively on the Android ecosystem and works with leading device manufacturers such as Samsung Electronics, Xiaomi, Oppo and VivoEthiopians Sugardaddyfits.
Cooperate together
Tewari said that by cooperating with Google, the company plans to promote its products to other regions in Asia and launch them in the United States and South America in 2021, when the company will launch them in the United States. Work with the operator. He also said that Glance is currently focused on acquiring users and has just begun to experiment with a marketing-based profit model.
Google also participated in the financing of VerSe by Microsoft and Alphawave. Dailyhunt, owned by VerSe, has attracted more than 300 million users and offers 14 local languages Ethiopians Sugardaddy to choose from.
Goldman Sachs Group and Sequoia Capital India are also investors in VeEthiopia Sugar DaddyrSe. VerSe said the company plans to expand the scope of App Josh, expand its internal business creation ecosystem, and develop artificial intelligence and machine learning technologies to help it attract a wider audience. It will also explore some potential moves outside its home country in other international markets where there is demand for its products.
Josh is custom-made for India and is available in a variety of local languages. It promotes itself as “Made in India”, Ethiopia Sugar DaddyAnd its rival TikTok and dozens of other Chinese-made apps have been banned by Ethiopia Sugar due to privacy and national security concerns. The app quickly reached 77 million monthly active users and now has more than 1.5 billion video views per day, according to a statement from the company.
Volunteer editor: pj
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