Short video app Sharechat’s parent company has raised nearly $300 million in funding from Google, Times Group, and Temasek Holdings.
After backing Bengaluru-based unicorn VerSe Innovation’s Josh, Google has made its second investment in the short video industry in India.
In 2015, IIT Kanpur alumni Ankush Sachdeva, Farid Ahsan, and Bhanu Singh formed Mohalla Tech, which owns ShareChat.
Mohalla Tech Pvt Ltd, based in Bangalore, developed ShareChat, an Indian social media and social networking tool. It was started on January 8, 2015, by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan. ShareChat has over 250 million monthly active users. Users can exchange films, jokes, songs, and other language-based social content with other unknown users via the company’s app, which includes private messaging, tagging, and a personal messaging option.