INSUBCONTINENT EXCLUSIVE:
Adar Poonawalla has gotten 20 per cent stake in social media platform WakauNew Delhi: Serum Institute of India (SII) chief Adar Poonawalla
has actually gotten a 20 per cent stake in Wakau Interactive, a short-video sharing platform and a subsidiary of JetSynthesys, for an
undisclosed amount.Mr Poonawalla thus has actually joined actor Amitabh Bachchan as Wakau's league of financiers
Financial details of the deal were not disclosed, according to an official statement.A community-driven social media platform, Wakau
provides a combination of mobile-first screen experience and brief video content in entertainment and fashion domains with an associated
video-commerce element.Launched by digital home entertainment and innovation company JetSynthesys, Wakau has over 4 lakh curated
user-generated videos and a song library including more than 10,000 curated local and primary media songs for short videos
Wakau currently has more than 5 lakh everyday user engagement occasions, the statement added
New content formats like brief home entertainment and style videos are acquiring large scale appeal and Wakau, leveraging its innovative AI
based tech stack has actually made it so easy, imaginative, enjoyable and safe for customers with its high levels of personalisation
I 'd like to praise the group on the AI award and am thrilled to join this juggernaut of possibilities with Wakau as it triggers on its next
phase of growth, Mr Poonawalla said.Rajan Navani, vice chairman and handling director at JetSynthesys, stated Wakau was created with one
objective - to amuse users and promote creativity.
