Joins the club with its latest fundraise of $502 million, valuing the company at a little over $2.1 billion
The funding was led by U.S. venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said in a statement on Thursday
ShareChat is a Bengaluru-based social networking platform
Under the deal, Moj's team will access Snapchat's Lens Carousel directly inside the app when creating content; Moj will develop more than 400 lenses over multiple phases for its community
Homegrown social media platform ShareChat on Tuesday said over 750 million user generated pieces of content were uploaded this year
The other investors include DCM Shriram Promoters Family and SAIF Partners
The latest funds will be used to drive growth for ShareChat's short-video app Moj, the company said in a statement, a platform which is similar to TikTok
Home-grown social media group ShareChat said it had acquired HPF Films, a video production company specialised in digital content
Acquires Saif Partners-backed Circle Internet to strengthen hyperlocal content on platform
Indian social media app Sharechat is in talks with US-based venture capital firm Sequoia Capital to raise around Rs 1,500 crore, according to a source.
By Aditya Kalra, Aditi Shah and Anirban Sen
In an email to employees, the Twitter-backed platform outlined steps it is taking to 'become leaner and position the company better for the future'
Acquires memes platform Memer for an undisclosed amount
As regional language media consumption soars during the lockdown, social media app ShareChat goes full throttle with brand integrations
The platform also recorded over 10 million WhatsApp shares of the content created by users
New Delhi, 6 January An ad hoc committee of the Rajya Sabha met executives from online social media platforms Google, Twitter and ShareChat, as also the HERD Foundation, on the "alarming issue of pornography on social media and its effect on children and society as a whole". According to a person present, the MPs asked the companies about ways to curb child pornography on their respective platforms. The meeting was attended by Rahul Jain, the India manager for public policy at Google; Twitter India policy head Mahima Kaul; Berges Malu, head of public policy and policy communications at Indian language content platform ShareChat; and Amol Deshmukh and Suchika Gupta of HERD Foundation. Another person aware of the discussion said one of the executives suggested something on the lines of the Children's Online Privacy Protection Act in America. That law is designed to limit the collection and use of personal information about children by operators of internet services and websites. The ...
Sharechat observed that 23% users created entertainment-related content on its platform while engagement on romantic content was around 14%
Given that the platform is available for users in their local Indian languages, the engagement levels are high at about 23-24 minutes a day.
ShareChat is India's largest regional social network that claims 60 million monthly active users
On October 30 last year, the High Court had ordered ByteDance, which owns Helo and popular short video app TikTok, to stop placing bids on 'ShareChat' as a keyword on Google's AdWords platform