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.