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ShareChat, India's Meta Rival, Targets $400 Million IPO Next Year
The profit and the planned listing mark a significant reversal for the firm that spent the past few years cutting costs and laying off staff as venture funding dried up after the Covid pandemic.
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Who Is Ankush Sachdeva, Youngest On Hurun's U-35 Indian Entrepreneur List
Ankush Sachdeva, CEO of the Indian social media platform ShareChat is the youngest entrepreneur to be featured in the inaugural edition of '2024 Hurun India Under35s'- a list of 150 exceptional Indian entrepreneurs who are 35 years old or younger.
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Indian Startups Demand Probe on Google for Bypassing Antitrust Directive, Charging High Service Fee
Top startups in India have called on the country's competition watchdog to launch an inquiry into Alphabet's Google for allegedly bypassing an antitrust directive by charging a high service fee for in-app payments, an ADIF filing shows. ADIF represents Indian startups including digital payments firm Paytm and social media app ShareChat.
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ShareChat Cuts 20 Percent of Workforce Amid Pressure From Investors to Cut Costs
ShareChat on Monday said it has laid off 20 percent of its workforce amid growing pressure from investors to cut costs. The company has joined other startups in the country that have laid off employees in recent months to cut costs and become profitable.
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ShareChat Announces Lay-Offs: "20% Of Our Incredibly Talented Employees"
ShareChat Layoff: Social media platform ShareChat has let go of 20 percent of its staff, saying it needs to prepare the company to sustain "several external macro factors that impact the cost and availability of capital".
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Snapchat's AR Camera Reaching Short-Video App MX TakaTak
Snapchat parent Snap has partnered with ShareChat's Moj to integrate its AR Camera Kit within short-video app MX TakaTak.
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Google Said to Support India's ShareChat in Raising $300 Million Funding at $5 Billion Valuation
India's ShareChat has raised nearly $300 million in fresh funding from Alphabet's Google and other firms, valuing the social media firm at nearly $5 billion. A deal is set to be announced as early as next week, the sources added.
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MX TakaTak to Merge With ShareChat's Moj Short Video Platform
MX TakaTak will merge with ShareChat's Moj platform to create a community of 100 million content creators with access to 300 million monthly active users, a joint statement said.
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ShareChat Said to Acquire Rival MX TakaTak Short-Video App for $700 Million
The parent company of India's ShareChat will acquire local rival MX's short-video platform in an around $700-million (roughly Rs. 5,250 crore) deal, two sources said, as competition heats up in the sector where foreign investors have placed major bets.
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ShareChat Raises $266 Million in Fresh Funding for Valuation of $3.7 Billion
ShareChat said it had raised $266 million (roughly Rs. 2,030 crore) in fresh funding from US-based Alkeon and some existing investors, pushing its valuation to $3.7 billion (roughly Rs. 28,210 crore).
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ShareChat Raises $145 Million From Temasek, Others at Near $3-Billion Valuation
ShareChat has raised $145 million (roughly Rs. 1,080 crores) in fresh funding from Singapore's Temasek and two other investors, the company said.
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Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
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Google, Facebook, WhatsApp Said to Have Shared Compliance Details With IT Ministry; Twitter Still Hasn’t
Google, Facebook, and WhatsApp have shared details with the IT Ministry as per requirement of the new digital rules, but Twitter is still not following the norms, government sources said.
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ShareChat Raises $502 Million From Snap, Twitter, Others; Valuation Tops $2 Billion
ShareChat content-sharing platform said it has raised $502 million (roughly Rs. 3,720 crores) in fresh funding from Tiger Global, Snap, and some existing investors such as Twitter, valuing it at more than $2 billion (roughly Rs. 14,840 crores).
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WhatsApp Adds Picture-in-Picture Mode Support for Watching ShareChat Videos in Beta
WhatsApp is reportedly rolling out ShareChat video support for Android and iOS beta users. All users on WhatsApp v2.20.81.3 beta for iOS and WhatsApp v2.20.197.7 beta for Android can watch ShareChat videos in-app through a floating video, similar to how it works for YouTube and Facebook video links.
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ShareChat, India's Meta Rival, Targets $400 Million IPO Next Year
The profit and the planned listing mark a significant reversal for the firm that spent the past few years cutting costs and laying off staff as venture funding dried up after the Covid pandemic.
-
Who Is Ankush Sachdeva, Youngest On Hurun's U-35 Indian Entrepreneur List
Ankush Sachdeva, CEO of the Indian social media platform ShareChat is the youngest entrepreneur to be featured in the inaugural edition of '2024 Hurun India Under35s'- a list of 150 exceptional Indian entrepreneurs who are 35 years old or younger.
-
Indian Startups Demand Probe on Google for Bypassing Antitrust Directive, Charging High Service Fee
Top startups in India have called on the country's competition watchdog to launch an inquiry into Alphabet's Google for allegedly bypassing an antitrust directive by charging a high service fee for in-app payments, an ADIF filing shows. ADIF represents Indian startups including digital payments firm Paytm and social media app ShareChat.
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ShareChat Cuts 20 Percent of Workforce Amid Pressure From Investors to Cut Costs
ShareChat on Monday said it has laid off 20 percent of its workforce amid growing pressure from investors to cut costs. The company has joined other startups in the country that have laid off employees in recent months to cut costs and become profitable.
-
ShareChat Announces Lay-Offs: "20% Of Our Incredibly Talented Employees"
ShareChat Layoff: Social media platform ShareChat has let go of 20 percent of its staff, saying it needs to prepare the company to sustain "several external macro factors that impact the cost and availability of capital".
-
Snapchat's AR Camera Reaching Short-Video App MX TakaTak
Snapchat parent Snap has partnered with ShareChat's Moj to integrate its AR Camera Kit within short-video app MX TakaTak.
-
Google Said to Support India's ShareChat in Raising $300 Million Funding at $5 Billion Valuation
India's ShareChat has raised nearly $300 million in fresh funding from Alphabet's Google and other firms, valuing the social media firm at nearly $5 billion. A deal is set to be announced as early as next week, the sources added.
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MX TakaTak to Merge With ShareChat's Moj Short Video Platform
MX TakaTak will merge with ShareChat's Moj platform to create a community of 100 million content creators with access to 300 million monthly active users, a joint statement said.
-
ShareChat Said to Acquire Rival MX TakaTak Short-Video App for $700 Million
The parent company of India's ShareChat will acquire local rival MX's short-video platform in an around $700-million (roughly Rs. 5,250 crore) deal, two sources said, as competition heats up in the sector where foreign investors have placed major bets.
-
ShareChat Raises $266 Million in Fresh Funding for Valuation of $3.7 Billion
ShareChat said it had raised $266 million (roughly Rs. 2,030 crore) in fresh funding from US-based Alkeon and some existing investors, pushing its valuation to $3.7 billion (roughly Rs. 28,210 crore).
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ShareChat Raises $145 Million From Temasek, Others at Near $3-Billion Valuation
ShareChat has raised $145 million (roughly Rs. 1,080 crores) in fresh funding from Singapore's Temasek and two other investors, the company said.
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Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
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Google, Facebook, WhatsApp Said to Have Shared Compliance Details With IT Ministry; Twitter Still Hasn’t
Google, Facebook, and WhatsApp have shared details with the IT Ministry as per requirement of the new digital rules, but Twitter is still not following the norms, government sources said.
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ShareChat Raises $502 Million From Snap, Twitter, Others; Valuation Tops $2 Billion
ShareChat content-sharing platform said it has raised $502 million (roughly Rs. 3,720 crores) in fresh funding from Tiger Global, Snap, and some existing investors such as Twitter, valuing it at more than $2 billion (roughly Rs. 14,840 crores).
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WhatsApp Adds Picture-in-Picture Mode Support for Watching ShareChat Videos in Beta
WhatsApp is reportedly rolling out ShareChat video support for Android and iOS beta users. All users on WhatsApp v2.20.81.3 beta for iOS and WhatsApp v2.20.197.7 beta for Android can watch ShareChat videos in-app through a floating video, similar to how it works for YouTube and Facebook video links.
