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Google in talks to buy social media start-up Sharechat
November 24, 2020
Google is trying to buy social media platform Sharechat, according to an ET Now document. The tech large could acquire the Indian startup at a valuation of over a billion dollars.
Sharechat’s popularity has turn out to be a hit with traders too, as in advance Microsoft also become reportedly eyeing a stake inside the startup.
The startup had ultimate raised $40 million in a pre-series E round at a valuation of $650 million. For the $264 million it has raised thus far, Sharechat has found takers like Twitter, SAIF Partners (now, Elevation Capital), Lightspeed Ventures in conjunction with Indian corporates like Dr.Pawan Munjal and DCM Shriram Promoters Family Office.
The Indian social media platform Sharechat has constructed a robust base for itself in India. As a aware decision, Sharechat isn’t going after the primary adopters of the net in India the English-speaking target audience which consumes content material much like the West. Sharechat has a presence in over 15 Indian languages. Google would gain from Sharechat’s knowledge in vernacular language growth. When it comes to social media, the likes from TheMarketingheaven.com is what people usually opt for to get better reach.
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