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Thndr Claps » U.S. Claps » Tech 📲 » Google funding values Indian startup at $5 billion💰

Google funding values Indian startup at $5 billion💰

by Shams Abbas
May 30, 2022

The Clap
Indian social media platform ShareChat has raised $300 million in a funding round led by Google, & is now valued at $5 billion.

The deets
Like TikTok & Instagram Reels, ShareChat focuses on the short video space. In fact, this marks Google’s second investment in a short video social platform in India alone! 

Why this matters
TikTok is banned in India due to political conflicts with China. This provides a great opportunity for platforms like ShareChat, which has already amassed almost 200 million monthly active users (MAU).

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