Bengaluru-based VerSe Innovation, which owns and operates native language information Dailyhunt and short-form video app Josh, has acquired Vebbler, a community-focused picture and video sharing app launched by Sahil Bhagat.
That is the second acquisition in two weeks for VerSe Innovation, which lately acquired AI-startup Cognirel Applied sciences.
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This acquisition will assist VerSe, which lately grew to become India’s first tech unicorn for native languages, increase its efforts to construct the most important digital media platform that serves unmet content material wants of hundreds of thousands of customers utilizing expertise.
“The mixture of Vebbler’s product capabilities with our platform will enhance our skill to drive innovation across the digicam and social engagement and play a extra significant function in capturing the mindshare, timeshare, and income share of Bharat’s native language customers,” stated Virendra Gupta, founder, VerSe Innovation.
Vebbler lets folks be part of teams known as ‘golf equipment’ and share photographs and movies round totally different pursuits, whether or not it’s style, journey, images or leisure. With over 100+ classes, customers create content material utilizing Vebbler’s digicam, filled with superior creation instruments akin to AI-based neural-art filters, results, stickers, GIFs, drawing instruments and fonts together with proprietary expertise on video processing and modifying. Leveraging Vebbler’s digicam and neighborhood will give Josh a robust differentiator available in the market and current hundreds of thousands of Josh customers the extra alternative to harness India’s numerous creativity and expertise.
Vebbler was backed initially by actors Dino Morea and Nikhil Chinapa and was designed as a personal method to share photographs and movies with associates in real-time at occasions which then pivoted into an interest-based community in 2018.
“My imaginative and prescient with Vebbler was to construct a video first social media platform out of India. Our use case, area understanding, expertise experience is exclusive within the Indian market. In VerSe Innovation’s imaginative and prescient, we discover strategic synergies between Josh and Vebbler. This deal speaks volumes to the worth and high quality of our product,” stated Sahil Bhagat, Founder, Vebbler.
Brief-form video app Josh stays the core focus space for the Bengaluru-based startup because it plans to place new funds within the ongoing efforts to scale up its native language content material choices, develop a content material creator ecosystem and to leverage synthetic intelligence (AI) to enhance the app.
Within the final three months, Josh has attracted over $200 million funding from world buyers akin to Qatar Funding Authority (QIA) and Glade Brook Capital Companions, together with Google, Microsoft, and AlphaWave (a unit of Falcon Edge Capital).
Based on the corporate, Josh is the quickest rising and most engaged short-video app in India with over 85 million MAUs (Month-to-month Energetic Customers), 40 million DAUs (Day by day Energetic Customers) and greater than 1.5 billion video performs per day.