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TikTok Owner Makes 7 Million In Revenue In The First Half Of 2019

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TikTok Owner Makes 7 Million, TikTok Revenue In First Half Of 2019,Startup Stories,TikTok Revenue,TikTok Revenue First Half 2019,TikTok Revenue 2019,TikTok App Revenue Details,TikTok Owner ByteDance,TikTok Latest News 2019

Everyone is aware of the famous video sharing app TikTok.  The app gained rapid popularity in Asia, the United States and some other parts of the world and was declared the most downloaded app in the United States in 2018. 

The immense popularity of the app proved profitable to its owner ByteDance, which, according to reports, earned a revenue of $ 7 million through TikTok in the first half of 2019. 

According to the international news organization Reuters, the Company raked in almost 50-60 billion yuan ($ 7 billion to $ 8.4 billion) through TikTok, its Chinese version Douyin and news aggregator Jinri Toutiao

ByteDance is a Beijing based startup founded in 2012.  The startup became a success thanks to its product Jinri Toutiao, which is a news and information content platform widely popular in China.  The Company then went on to acquire another startup called Musical.ly, which it then converted into TikTok.  Considered one of the most valuable unicorns in the world, the success of ByteDance earned its founder Zhang Yiming a place in Bloomberg’s Billionaires Index 2019. 

ByteDance had almost 800 million daily active users in 2018 and was reportedly valued at around $ 78 million by some sources.  Although TikTok is a widely popular product by the Company, ByteDance makes most of its revenue from Douyin as TikTok is in its early stage to earn revenue. 

However, the Company is facing issues like censoring politically sensitive content in China and facing investigation in relation to children’s privacy violations in the U.S., and Britain.

This did not affect ByteDance as it plans to expand beyond China.  In an effort to go global, ByteDance launched its own search engine, a work efficiency app called Lark and a Wikipedia like site called Baike.com.  The Company is also planning to launch a music streaming app and increased its number of employees from 40,000 to 50,000 in just a year.

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Entrepreneur Stories

India’s Tech Story: Airtel Spreads AI Access, Ohm Mobility Lessons

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Airtel AI

Bharti Airtel has launched the innovative “Airtel-Perplexity Blueprint,” partnering with Perplexity to provide over 360 million customers free access to Perplexity Pro for a year—a benefit valued at ₹17,000 ($200). This collaboration enables Airtel users across mobile, broadband, and digital TV to harness advanced capabilities in generative AI, including leading AI models like GPT 4.1, Claude, and Gemini, along with up to 300 Pro searches daily, image generation, document analysis, and personalized planning services. The move is seen as a milestone for telecom innovation and the democratization of AI in India, making powerful research and productivity tools accessible to a massive user base.

This strategic partnership positions Airtel as an “AI-first” telecom provider, allowing it to gain key insights into user interactions with artificial intelligence and adapt its networks for growing digital demands. For Perplexity, the tie-up grants exclusive access to India’s vast telecom audience, rapidly propelling the app to the No. 1 spot on the Indian App Store, surpassing global competitors like ChatGPT and Google Gemini. Airtel customers can activate their complimentary subscription seamlessly through the Airtel Thanks App, under the Rewards and OTTs section, reinforcing Airtel’s commitment to digital customer empowerment.

The broader Indian startup ecosystem reflects both breakthrough innovation and hard-earned lessons, illustrated by the recent shutdown of Ohm Mobility, an EV financing startup. Despite multiple pivots and industry-leading investors, Ohm Mobility struggled to achieve a sustainable business model—a reminder of the challenges in market fit and adaptability. As AI adoption accelerates and startup realities evolve, industry leaders like Airtel and Perplexity are setting new standards, while others, like Ohm Mobility, offer valuable insights on resilience and the importance of business model flexibility in India’s dynamic tech landscape.

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Entrepreneur Stories

Tesla Secures Mumbai Facility as Key Step in India Market Entry

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Tesla StartupStories

Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

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Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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