ShareChat’s parent company raises $300 million

Published

2 years ago

May 31, 2022

This brings the Indian social media firm’s value to nearly $5 billion with the deal expected to be finalised sometime next week.

Share Chat currently boasts 180 million monthly active users.

This marks Google‘s second major investment in India’s short video space.

This all comes as the short video sector becomes increasingly popular after India banned TikTok and several other Chinese apps.

The country’s tech startups have raised $35 billion in new funds last year alone but have had difficulties this year as global markets face uncertainty.

Related Topics:china Google india sharechat social media TIKTOK

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Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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