MX Media Co. Ltd, the parent company of MX TakaTak, and ShareChat, the parent company of Moj, announced a strategic merger between Moj and MX TakaTak, to create the largest short video platform for Indians, where by the two platforms will now be controlled by ShareChat. Post this transaction, MX Media and its shareholders will…
Content-sharing platform ShareChat said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion, according to Reuters report. The new investments, part of ShareChat’s third funding round this year, was led by Alkeon and saw participation from Singapore’s Temasek Holdings and Moore Strategic…
Indian social networking app Sharechat has recently laid off about 101 employees or 25% of its staff as the ongoing coronavirus pandemic impacts ad revenues. The development was first reported by The Economic Times. According to an internal mail sent to employees by company Chief Executive Officer Ankush Sachdeva, the advertisement market remains unpredictable this…
ShareChat, a regional language social media platform, plans to hire about 100-150 people over the next few months, and will continue to invest in strengthening its infrastructure and presence in Tier II cities and beyond the country. It was founded in 2015 by IIT-Kanpur graduates Ankush Sachdeva, Farid Ahsan and Bhanu Pratap Singh. Sharechat allows…