ShareChat, a social media company, announced the appointment of Anurag Verma as the Head of People and Culture, according to ETHRWorld report. In this role, Verma will be responsible for driving organisational excellence and his experience and vision will be instrumental in attracting top talent, providing professional growth opportunities, and nurturing a culture of creativity,…
Soical media app ShareChat Chief Commercial Officer, Ajit Varghese, has resigned from the company, according to moneycontrol report. He joined the company in December 2020. He oversaw the marketing functions of the platform and reported to ShareChat co-founder Farid Ahsan. “We can confirm that Ajit Varghese has decided to step down from his role as…
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…
ShareChat, a social networking and regional content platform, has appointed Ajit Varghese as Chief Commercial Officer. Varghese will report to Farid Ahsan, COO and co-founder at ShareChat. In this new role, Varghese will be pivotal in expanding and strengthening the platform’s revenue efforts, and building a robust monetisation approach with strategic content partnership, a statement…
ShareChat, a Bengaluru-based social media company, announced that it has acquired HPF Films, a video production company specialised in digital content. Financial details of the acquisition were not disclosed. ShareChat said the acquisition will help ShareChat’s main app and video app Moj to strengthen their efforts towards building a better content ecosystem, establishing a stronger…
ShareChat announced a global licensing deal with Saregama, one of India’s largest music labels today that would allow for its users to create amazing new content and add to their social experience on the ShareChat and Moj platforms. As part of this deal, Saregama will license its large catalogue to both platforms allowing for the…
ShareChat, a Bangalore-based social networking and regional content platform, is migrating its entire technology infrastructure to Google Cloud, the two companies said, according to an ETtech report. With this partnership, ShareChat will trim its expenses on backend technology infrastructure by 20% and improve the experience for its over 60 million users, which is largely in…
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 social networking and regional content platform, announced that it has acquired Memer, a meme discovery and sharing platform. Financial details of the transaction remain undisclosed. Post acquisition, Memer’s product suite will be integrated into Twitter-backed ShareChat, while the eight-member team will join the Bengaluru-based startup. “Today, ShareChat is on a rapid growth path,…
Delhi-based early-stage venture capital (VC) firm, Venture Highway, on Thursday announced that it has raised an amount of $78.6mn for its second fund. The second fund will be purely focused on seed investments in Indian technological start-ups. The VC firm raised this money from a group of Silicon-Valley based tech leaders. Venture Highway was founded…
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…