“Instagram For Video” Viddy Raising $30 Million

Earlier this month, Facebook acquired Instagram for $1 billion after negotiating them down from $2 billion. Rumor has it that Viddy, an app that is like an “Instagram for video” is raising $30 million at a $370 million valuation based on a Series B. Viddy currently has about 10 million users.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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