Google and its American internet peers are steadily amping up their investment in India, latching onto the only other country with a billion-plus population after getting shut out of China. From Amazon.com Inc to Facebook Inc, they’re hoping to get in on the ground floor of what they envision as a smartphone and online commerce boom that could eventually create a market to rival the world’s No 2 economy.
The online search leader has struck an alliance with Mukesh Ambani’s Reliance Industries Ltd to invest $4.5 billion and cooperate on technology initiatives including the development of affordable mobile phones. But they’re also teaming with smaller outfits to target more local audiences.
Dec 23 2020, 6:29 PM
December 22 2020, 12:46 PM
December 23 2020, 6:29 PM
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
Glance, which feeds news and sports scores to phone-lock screens, is said to have reached a valuation of more than $1 billion after completing a funding round led by Google. And VerSe Innovation Pvt, the studio behind the popular Dailyhunt news site and TikTok-like Josh app, said it passed that threshold after winning more than $100 million from Alphabet Inc.âs search giant and Microsoft Corp.
Google, Microsoft Invest in booming India made TikTok rival hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Google helps birth 2 social media unicorns in India in rapid succession
Photo: Bloomberg
. Updated: 22 Dec 2020, 05:27 PM IST Bloomberg
Google and its American internet peers are steadily amping up their investment in India, latching onto the only other country with a billion-plus population after getting shut out of China
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Google investments helped create India’s two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the world’s fastest-growing smartphone population.
Glance, which feeds news and sports scores to phone-lock screens, is said to have reached a valuation of more than $1 billion after completing a funding round led by Google. And VerSe Innovation Pvt, the studio behind the popular Dailyhunt news site and TikTok-like Josh app, said it passed that threshold after winning more than $100 million from Alphabet Inc.’s search giant and Microsoft Corp.