Microsoft invested $ 100 million in native app ShareChat ~ Full Entertainment Tadka is the online destination for entertainment news

Microsoft invested $ 100 million in native app ShareChat

There has been news about the Microsoft-TikTok deal for quite some time. In such a situation, everyone's eyes are on this deal. At the same time, amid the discussion of this deal, Microsoft has invested almost 100 million dollars in India's regional-language social media app ShareChat. According to the report by the agency, the talks are currently in preliminary stages. Please tell that ShareChat is busy funding anew for its expansion. ShareChat has a user base of over 140 million monthly active users in the country.

Twitter has also invested $ 100 million in ShareChat before Microsoft. During that time the value of the company was estimated at 650 million dollars, which is about 48 thousand crores. ShareChat is a native app that is available in a total of 15 regional languages. It includes Hindi, Malayalam, Gujarati, Marathi, Punjabi, Telugu, Tamil, Bengali, Oriya, Kannada, Assamese, Haryanvi, Rajasthani, Bhojpuri and Urdu. This app is also very popular among users.

ShareChat said last month that its short video sharing platform Moj had crossed five million downloads from the Google Play Store in just a week. This app was launched in the market after TikTok was banned. The regional-language social media platform had completely migrated its infrastructure to Google Cloud to reduce costs. A large proportion of the active users of this app are in tier-2 and tier-3 cities. Most of this relies on 2G networks.

The news from Microsoft-ShareChat comes at a time when Microsoft is reportedly planning to acquire the global business of China's short-video making app TikTok. Explain that after TikTok was banned in India, now US President Donald Trump has also made it clear that this app will be banned in the US as well. On the other hand, if Microsoft buys this app then it will become the app of America instead of China.