11 Apr 2022
Updated on April 13th, 2022
VerSe X Techugo: Collaboration of the Decade!
Techugo Pvt. Ltd.
COVID-19 pandemic accelerated the demand for mobile apps that delivered entertainment at the comfort of our homes.
Hitting the bull’s eye, VerSe Innovation created ‘Josh’ – a social media app to serve the growing demand, which became India’s fastest-growing video platform.
After the mega success of Josh, the brand is ready to repeat the history all over again.
VerSe Innovation, the parent firm of popular apps like ‘Daily Hunt’ and ‘Josh’, has now bagged $805 million in one of its recent funding rounds led by worldwide investors, including Luxor Capital, Sumeru Ventures, Canada Pension Plan Investment Board, and others.
Not to overlook the fact that the company’s total capital raised now stands at $1.5 billion, making it one of the largest single fundraisers in the past year. And, as their Tech Partners, we cannot be more proud!
The Distribution of Funds
According to the insights shared by co-founders of VerSe, the platform would invest its fresh capital in amalgamating Artificial Intelligence, Machine Learning, and Data Science for improved user engagement and monetization.
We are also focused on delivering Web 3.0 experiences across the local language creator base. Additionally, VerSe is looking forward to partnering with leading eCommerce organizations to go big with the creators community.
Our brood, Techugo is one of the leading digital transformation companies with wide-ranging experience in app & website development. We are well-known for delivering exquisite services to Global 2000, Fortune 200, Unicorn startups, and emerging entrepreneurs.
We are delighted to share the news that Techugo is a proud technology partner of VerSe, and is working on its video editing app named ‘JoshCam.’
The app is a robust video editor incorporated with hundreds of templates and editing features that helps explore new depths of creativity by developing visually-appealing videos. The collaboration is all set to raise the standards of the digital world as the app has successfully surpassed 1 Lakh download.
We are also working on the web version of the ‘JoshCam’ application to expand its reach and build a solid consumer base.
Techugo has worked with the biggest brands, including TrueFan, Dhanuka, TagMango, and many more. Now that VerSe has roped us in for their technological needs, we are entirely focused on developing a hassle-free and convenient experience for app and web users of ‘JoshCam.’
No wonder, we are thrilled to partner with VerSe to help them with their digital transformation journey and set another successful example of turning a vision into reality!