Google-backed Dailyhunt and Josh’s parent firm raises over $100 million

Josh appears to have emerged as one of the leading players: The startup says Josh has amassed over 85 million monthly active users — 40 million of whom check the app each day — and the app sees more than 1.5 billion video plays everyday.n

Now the startup says it is exploring expansion into more categories and like with Dailyhunt and Josh, cater users in smaller cities and towns and eventually replicate this model in international markets.n

India’s internet economy is expected to be worth $639 billion by 2030, analysts at Citi wrote in a report to clients late last month. The coronavirus pandemic accelerated digital adoption and users’ appetite to transact online, a report from analysts at UBS said last week.n

""

India leads with Tier 2 cities comparable to Tier 1. Biggest catch up opportunity in Philippines and Vietnam (UBS)n

“Josh represents a confluence of Indiau2019s top 200+ best creators, the 10 biggest music labels, 15+ million UGC creators, best in class content creation tools, the hottest entertainment formats, and formidable user demographics. Josh has been consistently rated as the leading Indian short-video app in India on the Play store,” the startup said in a statement.n

The startup said it will deploy the fresh capital to broaden its local languages content offering, and expand its creators ecosystem and AI and ML tech stacks.n”,”protected”:false},”excerpt”:{“rendered”:”

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