India TikTok Clone Worth Billions After Ban! | VerSe Innovation, Josh, Dailyhunt
The India based social platform company VerSe Innovation has announced a new $805 million funding round at a $5 billion valuation. VerSe runs popular apps DailyHunt and Josh, the later of which has seen skyrocketing growth after India banned a list of Chinese apps that included TIkTok.
I think this is a great example of tech protectionism at work. India’s ban on TikTok in June of 2020 created a great opportunity for domestic tech players to capture home markets without the intense competition from U.S. and Chinese tech giants. Tech protectionism may not be a long term answer to competition problems but in this example, I think we see how this can foster a burgeoning domestic tech scene and boost local economies.
#Josh #technews #indiatech
Subscribe to the Applico YouTube Channel
Filed under: Winner Take All | Topics:
Top Posts
-
![]()
B2B Chemical Marketplaces and Tech Startups: Landscape and State of the Industry
-
![]()
Platform vs. Linear: Business Models 101
-
![]()
Amazon Business – 2020 Report
-
![]()
Platform Business Model – Definition | What is it? | Explanation
-
![]()
The Value of Digital Transformation: How Investors Evaluate “Tech”
Related Articles
Category
Winner Take All
