TECH CRUNCH - Jan 5 - ShareChat, a Bangalore-based social network that added Twitter as an investor in 2019, is in advanced stages of talks to raise money from Google and Snap, as well as several existing investors, including Twitter, three sources familiar with the matter. ShareChat has raised about $264 million to date and was valued at nearly $700 million last year. Ankush Sachdeva, co-founder, and chief executive of ShareChat, said the app was growing "exponentially" and that users were spending, on average, ~30 mins on the app each day. If the deal goes through, it would be the first investment from Snapchat's parent company into an Indian startup.
« Douyin Adds 106M Users in 2020 | Main | Video Streaming and Dating Apps Top Record Revenue Peaks »
Google and Snap in Talks To Invest in India's ShareChat
|
