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).