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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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Google Said to Oppose Facebook-Backed Proposal for Self-Regulatory Body in India
Google is said to have reservations about developing a self-regulatory body for the social media sector in India to hear user complaints. The proposal has received support from Facebook and Twitter. The Indian government proposed appointing a government panel in June. However, it is open to the idea of a self-regulatory body.
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Snapchat Reportedly Working on a Subscription Plan With Exclusive Features
Snapchat is planning to bring a new subscription plan called Snapchat+ that allows users to access several exclusive features. Snapchat users will get custom Snapchat icons and a special badge with the paid plan. Also, they will be able to pin a conversation on the app.
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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, 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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Zee5 HiPi Launched as a New TikTok-Like Short Video Platform
Zee5 today launched HiPi as its short-video platform, making the competition tougher for established players including Instagram and YouTube and giving a tough fight to Indian alternatives to TikTok, such as Bolo Indya, Chingari, Mitron, and ShareChat’s Moj.
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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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India's Ban on Chinese Apps: Millions Switch to 'Local TikToks'
Millions of Indians have joined homegrown social media platforms since New Delhi banned a slew of Chinese apps, including TikTok, amid growing tensions between the giant neighbours, industry officials said Thursday.
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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.
-
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.
-
Google Said to Oppose Facebook-Backed Proposal for Self-Regulatory Body in India
Google is said to have reservations about developing a self-regulatory body for the social media sector in India to hear user complaints. The proposal has received support from Facebook and Twitter. The Indian government proposed appointing a government panel in June. However, it is open to the idea of a self-regulatory body.
-
Snapchat Reportedly Working on a Subscription Plan With Exclusive Features
Snapchat is planning to bring a new subscription plan called Snapchat+ that allows users to access several exclusive features. Snapchat users will get custom Snapchat icons and a special badge with the paid plan. Also, they will be able to pin a conversation on the app.
-
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, 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.
-
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).
-
Zee5 HiPi Launched as a New TikTok-Like Short Video Platform
Zee5 today launched HiPi as its short-video platform, making the competition tougher for established players including Instagram and YouTube and giving a tough fight to Indian alternatives to TikTok, such as Bolo Indya, Chingari, Mitron, and ShareChat’s Moj.
-
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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India's Ban on Chinese Apps: Millions Switch to 'Local TikToks'
Millions of Indians have joined homegrown social media platforms since New Delhi banned a slew of Chinese apps, including TikTok, amid growing tensions between the giant neighbours, industry officials said Thursday.
