YouTube acquires Indian social commerce startup Simsim

YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told TechCrunch the Indian startup was valued at over $70 million. Simsim founder didn’t respond to a text Monday evening (IST). Two-year-old Simsim had […]

YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told TechCrunch the Indian startup was valued at over $70 million. Simsim founder didn’t respond to a text Monday evening (IST). Two-year-old Simsim had raised about $17 million and was last valued at $50.1 million.

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