In the wake of TikTok’s ban in India, Moj prospered. However, its parent company ShareChat is having to make cutbacks now.
Tag: sharechat
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Indian short-video apps Moj and MX TakaTak set for $900m merger
The two apps are coming together in a merger brokered by their parent companies ShareChat and MX Media, with the former in the guiding seat of the new entity.
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Spotlight on India: ShareChat signs “multi-year, multi-nation” deal with T-Series
Each day this week, journalist Amit Gurbaxani focuses on some interesting stories in the Indian music business, with plenty of links for you to explore. A week after news broke […]
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Moj owner ShareChat raises $145m at a valuation of $2.88bn
ShareChat has just raised a $145m funding round valuing the company at $2.88bn. The short-video app Moj has more than 160 million users in India.
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Moj owner ShareChat raises $502m at a valuation of $2.1bn
We’ve been writing about Indian social media firm ShareChat in the past year, mainly because it’s the company behind one of the most successful new TikTok rivals in India: Moj. […]
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Twitter isn’t buying Indian TikTok rival Moj – but it might have
‘Company X not buying Company Y’ may seem like a pointless news story: we may as well tell you that Music Ally isn’t buying Spotify, right? But news that Twitter was […]
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Google and Snap tipped to invest in Indian firm ShareChat
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 […]
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ShareChat taps Audible Magic for copyright-spotting tech
Indian social media company ShareChat has become the latest customer for Audible Magic’s rights management and content recognition tech.
It will be used to “proactively address both licensed and misuses of copyright media” on ShareChat’s app, which has more than 160 million monthly active users.
Besides that app, the deal also includes ShareChat’s separate TikTok rival app Moj, which launched earlier this summer, and grew to 80 million active users by September.
Other short-video apps in India have been fielding takedowns from music rightsholders, and while ShareChat has been signing licensing deals that include Moj, the Audible Magic deal will be helpful for policing its platforms too.
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ShareChat’s Times Music deal includes short-video app Moj
Moj is one of the short-video apps making hay in India in the wake of TikTok’s ban there. Launched in July, it grew to 50 million users within a month, then 80 million by late September, when its parent company ShareChat raised $40m of funding to continue the momentum.
ShareChat said then that partnerships with music labels would be one use for the funding: a sensible strategy, as Indian rightsholders have been rumbling about the lack of licences in the short-video space generally there.
A week on, there’s news of a deal: ShareChat has inked an agreement with Times Music that covers both Moj and its existing ShareChat social app. It includes Times Music’s catalogue, and also that of Punjabi-music label Speed Records.
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ShareChat raises $40m to grow Indian short-video app Moj
We wrote about Moj in August: it’s one of the short-video apps that launched in the wake of TikTok’s ban in India earlier this year.
By August, Moj – which was a spin-off from social networking company ShareChat – had 50 million users. Now ShareChat has raised $40m of new funding to continue driving Moj’s growth.
News site Entrackr reported the funding (initially as $35m-$40m) suggesting that it’s part of a round that could eventually reach more than $100m.
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Indian short-video app Moj has 50m users a month after launch
TikTok’s ban in India has created a feeding frenzy among other short-video apps, from Roposo, Zili and Dubsmash to streaming service Gaana’s new HotShots. One app we hadn’t written about yet was Moj, which […]