E-Mail: info@opwaytech.com Service hotline:400-680-7178


Google reportedly sets its eyes on Twitter-backed Indian social media startup Sharechat

Date: 2020-11-25
Views: 8

Google is looking to acquire social media platform Sharechat, according to an ET Now report. The tech giant could acquire the Indian startup at a valuation of over a billion dollars.

Sharechat’s popularity has become a hit with investors too, as earlier Microsoft also was reportedly eyeing a stake in the startup.

The startup had last raised $40 million in a pre-series E round at a valuation of $650 million. For the $264 million it has raised so far, Sharechat has found takers like Twitter, SAIF Partners (now, Elevation Capital), Lightspeed Ventures along with Indian corporates like Dr.Pawan Munjal and DCM Shriram Promoters Family Office.

What could Google get out of Sharechat

The Indian social media platform Sharechat has built a strong base for itself in India. As a conscious decision, Sharechat isn’t going after the first adopters of the internet in India – the English-speaking audience which consumes content similar to the West. Sharechat has a presence in over 15 Indian languages.

Google would gain from Sharechat’s expertise in vernacular language growth. Google in July had announced that it would invest a whopping $10 billion in India through the Google for India Digitization Fund, out of which the tech giant had already invested $4.5 billion in Reliance Jio.

Even then, Google CEO Sundar Pichai had said that Google will invest in the following four areas

News / Recommended news More
2018 - 01 - 28
On January 20, 2018, the company's 2017 summary and the 2018 planning meeting were held in Guangzhou Conghua. Chairman of the company Chen Xiangguo, general manager Peng Dejun and middle and senior management attended the meeting.    This meeting summarized the achievements and shortcomings of the company in 2017. Based on the three-year development plan formulated by the major share...
2017 - 12 - 23
Distinguished partners: Hello! In order to do the work arrangement before and after the New Year's Day and the Spring Festival in 2018, the date of the holiday of the New Year's Day and the Spring Festival of 2018 has been confirmed. It is now sent to you so that your company can better arrange the work before and after the holiday. Please check it out! New year of 2018: Fro...
2017 - 12 - 02
Opway: New start, new development, new journey(Interview from ICCSZ) As the old saying goes, "The road is new and the art must be new." New things have a strong vitality. People cannot lose the spirit of innovation. Enterprises also need to constantly innovate and develop. It is with this full of innovative enthusiasm that Shenzhen Opway Communication Technology Co., Ltd. (“Opway”) ...
ADD: 3F, Building 5, Section 2, Baiwangxin High-Tech Industrial Park, 1002 Songbai Road, Nanshan, ShenZhen, CN 518055
TEL:+86 0755-2955 6666
FAX:+86 0755-2788 8009
Zip code:330520
Hotline 400-680-7178 Call Us 86-0755-86000306