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Tag: short video app (page 1 of 1)

Reddit to buy TikTok rival Dubsmash

Reddit to buy short-video platform Dubsmash to become the latest entry into the space dominated by TikTok and have new entrants likes Snapchat and Facebook’. Details of the financial transaction were not disclosed but the acquisition was based on a combination of cash and stock. Dubsmash, founded in 2013 and has over 196.8 mn downloads globally. Dubsmash’s entire team, including co-founders Suchit Dash, Jonas Drüppel, and Tim Specht, will join Reddit.

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TikTok’s India-made rival ‘Chingari’ raises $1.3M in seed funding

TikTok’s India-made rival Chingari has raised $1.3M in seed funding. The round was led by venture capitalists. Further, the list included AngelList India, Utsav Somani’s iSeed, Village Global etc. The funding will be used to hire more talent to accelerate product development and enhance the platform to make it more consumer focussed and engaging. GoI banned TikTok and other Chinese apps. This paved way for local start-ups like Chingari to gain market space.

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