VerSe Innovation acquires social networking app GolBol for undisclosed sum

VerSe Innovation, parent company of DailyHunt and short-video app Josh, announced the acquisition of GolBol, a social networking app. The financial details of the deal were not disclosed.

GolBol’s entire team including co-founders Shanu Vivek, Karandeep Singh Gujral and Kaushik Mahato will join VerSe to help accelerate the work being done to modernise and multiply the impact of Josh.

Shailendra Sharma, SVP Product & Engineering at VerSe Innovation, said, “VerSe’s clear growth strategy for Josh grounded in an entrepreneurial mindset has motivated this alliance with some of India’s brightest minds and passionate innovators who understand how Bharat consumes, creates and engages with content.”