News snapshots · 2019-08-16

Twitter invests $100 mln in Indian regional social media platform ShareChat – Quick wrap

In one of its rare foreign shore investments, Twitter, reports the TechCrunch, has put in US $100 million in an Indian startup, ShareChat.

See the report below by TC.


Is there room for another social media platform? a five-year-old social network in India that serves tens of million of people in regional languages, just answered that question with a $100 million financing round led by global giant . Other than Twitter, TrustBridge Partners, and existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital also participated in the Series D round of ShareChat.

Link: Twitter leads $100M round in top Indian regional social media platform ShareChat
via techcrunch.com

 


 

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