A social media app targeting non-English speaking Indians has raised $805 million in venture capital, Bloomberg said. VerSe Innovation launched the app called Josh shortly after TikTok was banned from India. The firm also runs Dailyhunt, which is also focussed on local language speakers. Investors include the Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board, Luxor...
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A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress
As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
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