Doosan, Gree, Oppo and Summit Media have exited the young female-focused social media platform in an acquisition by MyGlamm.
Beauty product vendor MyGlamm has bought PopXo, an India-based social media platform backed by corporates Doosan, Gree, Oppo and Summit Media, for an undisclosed amount, the Economic Times has reported.
PopXo operates an online portal where members can access and share content on lifestyle, gastronomy and cosmetics. The company had raised more than $10m and will provide MyGlamm with its network and client database to help cut customer acquisition costs and develop new products.
Electronics manufacturer Oppo joined Neoplux Technology…
