Google In Advanced Talks To Buy Out ShareChat For $1.03 Bn

Google is in talks with ShareChat for investing in the Bengaluru-based social media firm.

ShareChat is looking to raise $150-200 million and is holding discussions with investors and technology companies, as it prepares to compete with other companies.

According to some speculations ShareChat has recorded a 166% spike in its monthly active users base from 60 Mn during the pandemic to 160 Mn till now.

Bhanu Pratap Singh's ShareChat started its journey in 2015 as a content-sharing tool for WhatsApp with users sharing about 100K content pieces per day. The company gradually evolved into a regional language-focused social media platform. It relies on user-generated content, and enables them to create, create, discover and share content with each other much like people do on Tumblr and Instagram.

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