Sharechat

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.

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 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 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".

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 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 parent Snap has partnered with ShareChat's Moj to integrate its AR Camera Kit within short-video app MX TakaTak.

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.

Parent company of ShareChat has raised $300 million in fresh funding from Alphabet Inc's Google, Times Group and Singapore's Temasek Holdings

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.

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 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).

ShareChat has raised $145 million (roughly Rs. 1,080 crores) in fresh funding from Singapore's Temasek and two other investors, the company said.

The latest investments come around four months after ShareChat raised $502 million from Tiger Global, Snap Inc, Twitter and some others.

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.

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.

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 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 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".

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 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 parent Snap has partnered with ShareChat's Moj to integrate its AR Camera Kit within short-video app MX TakaTak.

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.

Parent company of ShareChat has raised $300 million in fresh funding from Alphabet Inc's Google, Times Group and Singapore's Temasek Holdings

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.

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 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).

ShareChat has raised $145 million (roughly Rs. 1,080 crores) in fresh funding from Singapore's Temasek and two other investors, the company said.

The latest investments come around four months after ShareChat raised $502 million from Tiger Global, Snap Inc, Twitter and some others.

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.