ByteDance exits Josh parent at 56% discount ahead of re-entry into India market - Moneycontrol

ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.

ByteDance, the parent company of short video platform TikTok, has fully exited its investment in VerSe Innovation, which runs short video platform Josh and news aggregator DailyHunt, at a whopping 56… [+2941 chars]

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