"EDITION 143"

Published: 8/26/2020

Good morning, it's Wednesday and we did get another highly awaited S-1 today- from Palantir. YC's Demo Day also concluded today and it seems like there were a total of 14 Indian companies this batch (some of whom have already raised their next round). Coming to the news of the day, American short-video app has inked a deal with Jio's music service JioSaavn & Verloop.io raised their Series A.

  • https://tcrn.ch/34zSYL9: Triller inks a deal with Reliance's JioSaavn
  • ➡️ Triller has really been making moves in the US and India lately. The short video platform has added a couple of popular TikTok creators to their advisory board & exec team & the company also hired Raj Mishra, ex-Country Manager TikTok India, as the company's Head of Operations & Country Manager for India.

    ➡️ And yesterday, the company also announced a partnership with JioSaavn to embed Triller video within JioSaavn's music app. And the company claims this is just the first of many announcements to come out this partnership and I would expect a deeper integration between the applications in the future.

    ➡️ JioSaavn is one of India's largest music streaming services and the platform has over 100M monthly active users. I assume this might also help Triller compete against the likes of Instagram Reels, Mitron, Chingari & the rest though I'm not sure how Triller stacks up against them (probably will be more popular in the India 1 crowd and among influencers initially).

    ➡️ Reliance was also in talks to invest in TikTok's operations in India, though I think it might be weird for the company to partner with Triller if it were seriously consider investing in TikTok.

    2. https://bit.ly/3jl1UZj: Verloop.io raises a $5M Series A

    ➡️ Customer Support automation platform Verloop has raised $5M as part of its Series A led by Alpha Wave Incubation (Falcon Edge's early stage investment fund) with participation from existing investors IDFC Parampara and Infosys Co-founder S Gopalakrishnan.

    ➡️ The company plans to use the capital to further its product development, which includes hiring talent across their data science & engineering verticles. FYI the company is looking for a ML Lead & a couple of engineering roles so hit up @NirantK if you want to learn more or have any questions. https://verloop-team.freshteam.com/jobs

    ➡️ The company also plans to expand to other geographies including the Middle East, SE Asia & the United States now that it has over 15000 customers including large startups like Nykaa & Cleartrip in India.

    ➡️ The company enables businesses to automate customer service flows across channels, which probably saves companies a bunch of time! It has already processes 2B queries across 100M+ users and I assume the company will now try to replicate it's sales & growth across the new geographies.

    Feedback & ❤️ always appreciated BONUS (Tweet of the day): https://twitter.com/rajeshsawhney/status/1298230643373948929

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