After Google, Snap Inc Is In Talks To Invest In ShareChat
As per a TechCrunch report, tech giant Google and Snapchat’s parent company are in advanced stages to infuse more than $200 million in ShareChat’s Series E round at a valuation of more than $1 billion.
Already backed by Twitter, if this deal finalises, ShareChat will have three tech giants and two social media giants as its backers.
As of September, ShareChat had exceeded over 160 million MAUs ()monthly active users). And the average daily time spent by users on the platform is 31 minutes.
In November, reports of a potential acquisition of ShareChat by Google were in the air.
Both Dailyhunt and InMobi are a direct competitor to ShareChat’s Moj with their separate short video apps — Josh and Roposo.
Need legal assistance for your startup? Just contact us.