Share Chat’s parent company has taken in a huge round of fresh funding from Google, Times Group and Temasek Holdings
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.
