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Snap Inc & Google to invest in ShareChat
January 05, 2021
After Google, Snap Inc is in talks with Bharat-centered online media firm ShareChat for a minority stake. As indicated by a TechCrunch report, Google and Snapchat’s parent are in cutting edge stages to siphon in more than $200 million in ShareChat’s Series E round at a valuation of more than $1 billion.
ShareChat’s had brought $40 million up in a pre-Series E round in September. Entrackr had only announced ShareChat’s scaffold round in which the firm was esteemed at around $630 million. Till date, ShareChat has gathered up over $260 million across value adjusts.
On the off chance that the arrangement experiences, the Twitter-sponsored organization will tally three tech goliaths and two web-based media monsters as its benefactors.
In November, an ET Now report proposed that Google was in talks with ShareChat for a possible securing. Be that as it may, the discussions seemed to have fallen through as Google had made consecutive ventures ShareChat’s rivals Dailyhunt and InMobi’s Glance in December.
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