M&A

M&A

VerSe acquires social networking app GoIBoI

Mint  

Bangalore-based VerSe Innovation, parent of local language news aggregators Dailyhunt and short-form video app Josh has acquired Mumbai-based social networking app GolBol. As a part of the acquisition, VerSe Innovation will be bringing GolBol's entire team including co-founders Shanu Vivek, Karandeep Singh Gujral and Kaushik Mahato to help enhance the Josh platform. The GolBol team will be focussing their efforts on enhancing Josh Cam, a mobile video editing app designed exclusively for users and creators of the short-video ecosystem. The app with its editing interface, allows short-video users to impart a professional touch to their content. The GolBol team will also drive efficiencies in artificial intelligence and machine learning to help Josh build discovery initiatives for user-generated content.