Google sets eyes on Indian startup ShareChat

According to media reports, Google is planning to acquire ShareChat. The global technology company may acquire the Indian startup at a valuation of over $ 1 billion. Earlier, Microsoft had also shown interest in acquiring a stake in the company.

ShareChat had raised $ 40 million in a pre-series E round at a valuation of $ 640 million. It has investors such as Twitter, Elevation Capital (SAIF Partners), Lightspeed Ventures, and Indian corporates like Dr Pawan Munjaland DCM Shriram Promoters Family Office.

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