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Zash Media acquires TikTok rival Lomotif; founders decode details of the deal

Updated : March 01, 2021 08:44 PM IST

Zash Global Media and Entertainment Corporation, the entertainment industry disruptor, has acquired a majority stake in Lomotif, the Singapore-based video-sharing social networking platform and budding rival to TikTok and Kuaishou.

The closing of the Lomotif acquisition by Zash is scheduled to take place concurrently with the closing of Zash's merger and business combination with Vinco Ventures that was announced in January 2021.

CNBC-TV18’s Shruti Mishra spoke to Ted Farnsworth, co-founder of Zash and Paul Yang, founder and CEO of Lomotif, to know more about the acquisition and the road ahead.

Also, edtech platform ImaginXP has raised $1.5 million from Venture Catalysts to accelerate its B2B higher education model.

K12 edtech platform Doubtnut too has raised an investment of Rs 224 crore from SIG and Lupa Systems. CNBC-TV18 caught up with the managements to understand their plans, going forward.

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