ShareChat in talks with Google over a potential investment | Tech News

ShareChat in talks with Google over a potential investment

ShareChat last raised $100 million from Twitter, following which the company was evaluated to be worth $650 million.

By: HT TECH
| Updated on: Aug 20 2022, 22:31 IST
ShareChat is also in talks with Microsoft for raising funds.
ShareChat is also in talks with Microsoft for raising funds. (REUTERS)

Google is in talks with Bengaluru-based social media company, ShareChat over a potential investment.

As per a report by The Economic Times, ShareChat is planning to raise $150 - $200 and it is talks with investors from all over the world, including Google, over a potential investment. The company is being advised by JP Morgan for the same. Sources told the publication that the company was gearing to raise funds and that talks with Google were still at a preliminary stage.

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Apart from Google, the company is also in talks with Microsoft for raising funds. As per a report by Mint, the two companies are in talks to raise roughly $100 million, which a third of the sum that ShareChat is planning to raise. In addition to the tech companies, ShareChat is also in talks with its existing partners, which includes Lightspeed Venture Partners and SAIF Partners over a further investment.

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ShareChat last raised $100 million from Twitter, following which the company was evaluated to be worth $650 million.

Notably, ShareChat has witnessed a staggering growth ever since the Indian government banned China-based apps, including TikTok, in the country over a potential threat to national safety and defence. The company released Moj, which is a social media app that features support for 15 Indian languages, a day after TikTok ban came into place. It grabbed over one million downloads in less than a week after its launch.

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First Published Date: 17 Aug, 11:28 IST
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