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Google may buy social media platform ShareChat for over $1 bn: Reports

Google is looking to acquire social media platform Sharechat, according to an ET Now report. The tech giant could acquire the Indian startup at a valuation of over a billion dollars. Sharechat’s popularity has become a hit with investors too, as earlier Microsoft also was reportedly eyeing a stake in the startup.

The startup had last raised $40 million in a pre-series E round at a valuation of $650 million. For the $264 million it has raised so far, Sharechat has found takers like Twitter, SAIF Partners (now, Elevation Capital), Lightspeed Ventures along with Indian corporates like Dr.Pawan Munjal and DCM Shriram Promoters Family Office.

News source ~ BI