Twitter announced today it has invested an undisclosed amount into ShareChat, an Indian social media app for local languages. The company led the investment round of $100 million along with TrustBridge Partners, Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient, and Morningside Venture Capital. ShareChat is a popular local language content app which has over 60 million Monthly Active Users (MAUs) in India. The app has been downloaded over 100 million times and supports 15 languages, not counting English. This is Twitter’s first investment in an Indian startup. The company’s managing director for India, Manish Maheshwari, said the investment makes…
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Thursday 15 August 2019
