Google and Snap are in talks to invest in Indian social media company ShareChat, according to a report on TechCrunch. It claims that ShareChat’s Series E funding round will be more than $200m, with at least half of that coming from Google, and that it will value the company at more than $1bn.
We wrote about ShareChat several times in 2020, because alongside its main app it had one of the breakout short-video apps in India, in the wake of TikTok being banned there.
ShareChat launched Moj in July, and the app had more than 50 million users just a month later, growing to 80 million by late September when ShareChat raised $40m of funding.
ShareChat has also signed a licensing deal with Times Music that includes Moj, and worked with Audible Magic to crack down on unlicensed music being shared through its apps.
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