VerSe Innovation acquires GolBol in a bid to enhance Josh
VerSe Innovation has announced the acquisition of GolBol, a social networking application made in India. As part of the acquisition, VerSe will integrate the entire GolBol team, including co-founders Shanu Vivek, Karandeep Singh Gujral and Kaushik Mahato, to accelerate the ongoing work to modernize the app and increase the app’s impact. Short video from VerSe Josh.
In a press release, VerSe said: “Shanu Vivek and her team are very familiar with techniques that allow various users to socialize with digital content and will focus their efforts on improving Josh Cam – a powerful editing application for a mobile video designed exclusively for users and creators. of the short video ecosystem. The app with its intuitive and elegant multi-layered editing interface allows users of short videos to give their content a professional touch. The team will also improve the efficiency of AI and ML to create UGC discovery initiatives that have the power to detect high-quality content from a stream of thousands of videos and rank those videos at a high level so that Josh’s users can enjoy the latest, most unique and authentic experiences.”
This acquisition fits into VerSe Innovation’s vision to develop advanced digital capabilities to meet the unmet content needs of India. global marks VerSe’s third acquisition this year. Previous acquisitions the company made in 2021 include Cognirel Technologies Pvt, based in Bengaluru. Ltd to improve its AI capabilities; and the Vebbler video-sharing app, to increase the creators’ offerings on Josh.
In an earlier Mint report in August, the founders of VerSe said the company was considering 1,012 acquisitions in 810 months.
The acquisition also comes just two months after VerSe raised $450 million from renowned global investors, including Siguler Guff, Baillie Gifford, subsidiaries of Carlyle Asia Partners Growth II and others, who value the startup at nearly $3 billion.
In addition to acquisitions, VerSe also plans to issue small checks to startup or startup entrepreneurs to supplement the business, the founders told Mint.
Follow Startup Story
Related Posts
