- Briefing Your roundup of Asian tech and startup news that matter
Aya Lin · · 1 min readIn brief: Twitter to lead $100m funding round in India’s ShareChat
- Twitter is leading a US$100 million financing round in the Indian-language social networking app ShareChat, The Economic Times reports, citing two people familiar with the matter. It is the microblogging site’s first such investment globally.
- While Twitter’s investment is purely financial in nature, it may look to leverage ShareChat’s reach to go beyond its 30-35 million monthly active user base in India.
- The investment is significant for both companies at a time when the Indian social media space is dominated by Facebook and its group entities like Instagram and WhatsApp, and more recently by products from ByteDance like short video app TikTok and messaging platform Helo, which directly competes with ShareChat.
Editing by Dante Gagelonia
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
