Insta
Google CEO Sundar Pichai (Justin Sullivan/Getty Images)
United States (US) based technology behemoth Google is in active talks with Bengaluru based vernacular social media firm ShareChat, reports Economic Times.
ShareChat is looking to raise $150-200 million as it plans on aggressive expansion to fuel growth in the changed operating ecosystem where its Chinese counterparts and primary rivals TikTok and Helo applications have been banned by the government from operating in Indian markets.
While ShareChat previously competed with Chinese technology giant ByteDance owned Helo application, merely days after the ban was imposed on TikTok, the company launched a new short-video platform called 'Moj' as an alternative to it. It should be noted that TikTok is also owned by ByteDance.
Meanwhile, it should be noted that development about Sundar Pichai-led Google comes just days after it had been reported that Satya Nadella-led Microsoft Inc had held discussions for potential investment into ShareChat.
Since the ban on TikTok's operations in India, a stream of alternative short-video sharing social media platforms have spurt out in the country, that have witnessed exponential growth. Some of them being Chingari, Roposo, TakaTak et cetera.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest