After the Indian government blocked Tiktok’s access, many new digital platforms have sprung up in India and made a fortune. The latest is a clone of the Tiktok application that has received an injection of funds including from parent company Google, Alphabet and Microsoft.
The Josh and The Moj
Platform named Josh received an additional $ 100 million from the funding. The injection of funds occurred shortly after Tiktok’s departure from India.
After the investment, the value of the company that owns Josh, Verse Innovation, is more than $1 billion. Thus,it is entitled to hold unicorn status. quoted by Reuters on Wednesday (23/12/2020).
The emergence of many similar platforms like Tiktok in India also seems to make many global investors look to the country.
Previously last September, a content sharing platform called ShareChat also received $40 million. It’s as an effort to encourage the development of the short video application Moj. One of the big names that helped pour funds is Twitter Inc.
The popularity of the two applications also doesn’t need to be asked again. The Play Store report says that Josh and Moj have installed 50 million devices each.
For information, Tiktok and 58 applications were the first to leave India. The local government decided to block all platforms due to heating up relations between China and India on the Himalayan border.
At that time, the Indian government argued that blocking all applications made in China had harmed the country’s sovereignty and integrity, defense, security and public order there.
After Tiktok Cs, some time later India again blocked 47 more applications from China. The apps are mostly Lite versions of previously blocked platforms
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