sharechat
ShareChat’s valuation drops below $2B after new funding round
Social media startup ShareChat’s valuation has cratered below $2 billion from nearly $5 billion in a new funding round.
ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to as low as below $1.5 billion, according to two…
Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’
ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month…
Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs
Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the…
Lightspeed India Partners, investor in Byju’s, Udaan and Ula, eyes over $500 million for new fund
Lightspeed India Partners is looking to raise over $500 million for its fourth fund as one of the most successful venture funds in the world’s second largest internet market looks…
India’s ShareChat and MX Player merge their short video apps
Tiger Global-backed ShareChat and Times Internet-owned on-demand video streaming service MX Player have agreed to “strategically merge” their short video apps Moj and MX TakaTak, the two firms said Thursday,…
Talking shop with Twitter’s recent head of corp dev — and now VC — Seksom Suriyapa
Seksom Suriyapa was seemingly destined to land at a venture firm. A Stanford Law graduate, he worked at two blue-chip investment banks before joining the cybersecurity company McAfee as a…
India’s ShareChat valued at $2.88 billion in $145 million fundraise
Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, less than three months after it secured…
Facebook, WhatsApp, Google and other internet giants comply with India’s IT rules
Google, Facebook, Telegram, LinkedIn and Tiger Global-backed Indian startups ShareChat and Koo have either fully or partially complied with the South Asian nation’s new IT rules, according to two people…
Zeta in talks with SoftBank to raise at over $1 billion valuation
Banking tech startup Zeta is inching closer to the much sought-after unicorn status as it engages with investors to finalize a new round, two sources familiar with the matter told…
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Tiger Global goes super aggressive in India
Recent roars from an investment firm, credited to put Indian startups on the global map in the past decade and a half, are turning local young firms into unicorns at a pace never seen before in the world’s second largest internet market. Tiger Global has finalized — or is in late stages of concluding —…
ShareChat valued at $2.1 billion in $502 million fundraise
ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week.…
Twitter explored buying India’s ShareChat and turning Moj into a global TikTok rival
Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence in the world’s second-largest internet market and build a global…
Snap partners with ShareChat’s Moj to roll out Camera Kit
Snap has partnered with ShareChat’s Moj app to integrate its Camera Kit into the Indian app as the American social giant looks to accelerate its growth in the world’s second-largest…
Google-backed Dailyhunt and Josh’s parent firm raises over $100 million
VerSe Innovation, the parent firm of popular news and entertainment app Dailyhunt and short video app Josh, said on Monday it has raised over $100 million as part of a…
ShareChat, an Indian social network that added Twitter as an investor in 2019, may soon receive the backing of two more American firms. The Bangalore-based startup is in advanced stages…
Indian startups explore alliance and alternative app store to fight Google’s ‘monopoly’
Google, which reaches more internet users than any other firm in India and commands 99% of the nation’s smartphone market, has stumbled upon an odd challenge in the world’s second-largest…
Daily Crunch: Amazon unveils its own game-streaming platform
Amazon announces a new game service and plenty of hardware upgrades, tech companies team up against app stores and United Airlines tests a program for rapid COVID-19 testing. This is…
Twitter-backed Indian social network ShareChat raises $40 million
ShareChat, an Indian social network that focuses entirely on serving users in non-English languages, said on Thursday it has raised $40 million from a clutch of investors after the Indian…
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TikTok’s rivals in India struggle to cash in on its ban
For years, India has served as the largest open battleground for Silicon Valley and Chinese firms searching for their next billion users. With more than 400 million WhatsApp users, India is already the largest market for the Facebook-owned service. The social juggernaut’s big blue app also reaches more than 300 million users in the country.…
Lightspeed India Partners on Tuesday announced it has closed $275 million from LPs for its third fund as the top American venture firm looks to ramp up its investments in…
To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments
Chinese investors, who have poured about $6 billion into Indian startups in the last two years, will be subjected to tougher scrutiny for their future investments in the world’s second…
Twitter-backed ShareChat eyes fantasy sports in India
The growing market of fantasy sports in India may soon have a new and odd entrant: ShareChat. The local social networking app, which in August last year raised $100 million…
Twitter leads $100M round in top Indian regional social media platform ShareChat
Is there room for another social media platform? ShareChat, a four-year-old social network in India that serves tens of million of people in regional languages, just answered that question with…
Pratilipi, a ‘YouTube for writers’ storytelling platform in India, raises $15 million
Pratilipi, an app that is uniting writers in India and encouraging others to try their hand at storytelling, has just raised $15 million to expand its network in the nation.…
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TikTok parent ByteDance sues Chinese news site that exposed fake news problem
There’s worrying news from China’s online media world as ByteDance, the $75 billion company behind popular video app TikTok, is taking a news site to court for alleged defamation after it published a story about ByteDance’s fake news problem in India. U.S. tech firms have come to rely on media to help uncover issues, but Chinese…
India’s new technology infrastructure has created a platform to build domestic tech giants
In the two years since Indian social media app ShareChat raised $4 million in funding from Lightspeed Ventures the converging trends of increasing smartphone use, wireless internet connectivity, and cashless…
