Google backs India's ShareChat in US$300 mil funding round at US$5 bil valuation

30/5/2022 5:21:00 PM

Tech: Google backs India's ShareChat in US$300 mil funding round at US$5 bil valuation - Reuters

Tech: Google backs India's ShareChat in US$300 mil funding round at US$5 bil valuation - Reuters

NEW DELHI (May 30): The parent company of India's ShareChat has raised nearly US$300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly US$5 billion, two sources involved in the deal discussions told Reuters.A deal is set to be announced as early as next week, the sources added.ShareChat's parent company, Mohalla Tech, did not respond to a request for comment. Google and Temasek did not immediately respond to requests

NEW DELHI (May 30): The parent company of India's ShareChat has raised nearly US$300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly US$5 billion, two sources involved in the deal discussions told

Reuters.A deal is set to be announced as early as next week, the sources added.ShareChat's parent company, Mohalla Tech, did not respond to a request for comment. Google and Temasek did not immediately respond to requests for comment, whileReuters

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A NEW DELHI (May 30): The parent company of India's ShareChat has raised nearly US$300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly US$5 billion, two sources involved in the deal discussions told Reuters .MELAKA: Cadangan berkenaan dilontarkan Pengarang Kumpulan Media Mulia Sdn.JAKARTA: Warganet Indonesia berlumba-lumba membuat ulasan buruk mengenai Sungai Aare di Switzerland menerusi Google Maps selepas anak lelaki Gabenor Jawa Barat hanyut di sungai berkenaan.05- 30- 2022 07:00 PM People wait in a queue to buy kerosene at a fuel station, amid the country’s economic crisis in Colombo, Sri Lanka, May 18, 2022.

A deal is set to be announced as early as next week, the sources added. ShareChat's parent company, Mohalla Tech, did not respond to a request for comment. (Media Mulia), Mohamad Azlan Jaafar dalam Forum Media Nasional sempena Hari Wartawan Nasional (Hawana) 2022. Google and Temasek did not immediately respond to requests for comment, while Reuters could not immediately reach the Times Group.com mendapati, ruang ulasan mengenai sungai tersebut di Google Maps dipenuhi dengan komen dari masyarakat Indonesia. This is Google's second key investment in India's short video space, having previously backed Josh, which competes with ShareChat's sister firm Moj. Jelasnya, ini kerana platform enjin carian dilihat membuat keuntungan mudah tanpa perlu memikirkan sebarang kandungan, sebaliknya syarikat media tempatan pula yang menanggung bebanan besar termasuk kos operasi. Google's investment in a bearish market for Indian start-ups shows the appetite for the short video sector and the start-up's investment thesis, one of the sources said. Wijesekera said a new US$500 million Indian credit line is under discussion.

India's tech startups, which raised a record US$35 billion in new funds in 2021, have been struggling to raise funds as corporate governance concerns loom large for investors facing a new uncertainty in global markets. Australia contohnya laksanakan perkara yang sama. Malahan, ada pengguna meletakkan gambar yang tidak berkaitan termasuk iklan menjual motosikal. Short video apps like Moj and Josh shot up in popularity after India in 2020 banned ByteDance's TikTok and some other Chinese apps, following a border clash with China. ShareChat currently has 180 million monthly active users. “Saya harap daripada perbincangan kita ini, kita perlu cukai semula pendapatan yang dijana syarikat seperti Google, YouTube dan sebagainya. Moj, along with Mohalla's recently acquired MX TakaTak, has a combined user base of 300 million, according to one of the sources. Selain itu, ada juga pengguna yang tidak bersetuju dengan sikap segelintir masyarakat yang dilihat ‘melepaskan geram’ menerusi ulasan buruk. ShareChat was last valued at US$3. Forum bertajuk Kewartawanan Era Revolusi Industri Keempat: Cabaran dan Peluang itu turut disertai Ketua Pegawai Eksekutif Melaka Hari Ini (MHI), Datuk Seri Abd. An IMF team led by Peter Breuer and Masahiro Nozaki last week concluded a virtual mission with the Sri Lankan authorities.

7 billion in a US$266 million funding round from investors including Alkeon Capital and Temasek. The firm also counts Twitter and Snap among its investors.Com, Premesh Chandran. Febria juga mengingatkan masyarakat supaya tidak memalukan imej Indonesia kerana insiden yang berlaku terhadap Eril adalah kemalangan. If the bid by Tesla CEO Elon Musk to buy Twitter goes through, Musk will have potentially a stake of between 6% and 8% in ShareChat, the source added. Subscribe to Mid-day email alert We deliver news to your inbox daily . “Cabaran media hari ini adalah untuk mengimbangkan antara pendapatan dengan kos yang kita lahirkan untuk mengeluarkan kandungan.