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SHARECHAT NEWS
ShareChat, India’s Meta rival, plans $400 million IPO next yearSocial media giant ShareChat is gearing up for a potential $400 million IPO next year, marking a significant turnaround after a period of c...- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- Kuku FM's parent confidentially files for Rs 3,500 crore IPOAudio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 cr...
- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- Two senior executives exit ShareChat amid ongoing workforce cutsAnurag Verma and Shashank Shekhar are leaving amid a period of steady workforce reductions by the Google-backed company. The company aims t...
- Gen Z and millennials constituted over 70% of monthly active users on ShareChat this yearA total of 287 million audio chat room sessions were hosted in a month. Further, it said a total of 14 billion minutes of audio was live-st...
- ShareChat CCO Ajit Varghese resigns, to leave company in JanuaryVarghese joined the company in 2020 as its CCO. He was pivotal in expanding the platform’s revenue efforts and building a monetisation appr...
- Sharechat asks The Wire to take down story on the Tek Fog appThe Indian social media company has asked The Wire to take down a report that claims Sharechat is used to spread fake news and propaganda.
- ShareChat introduces slew of employee policies around childcare, fertility, miscarriage, adoptionEmployees will now get five days a year for emergencies related to the health or education of their children. The company will also provide...
- Tamil Nadu Elections 2021 | ShareChat experiments with political ads as AIADMK, DMK woo votersShareChat is currently running a pilot campaign with the AIADMK for the upcoming Tamil Nadu elections. DMK MLA Palanivel Thiagarajan has al...
- ShareChat adds $14 million to its ESOP pool, taking its ESOP pool to $35 millionThe scheme would be applicable for the existing employees who were on the company’s payroll on June 30, 2020. Presently, ShareChat employs ...
- ShareChat raises $40 million in bridge roundShareChat's existing investors include Lightspeed Venture Partners, Saif Partners, Twitter, TrustBridge Partners, India Quotient and Shunwe...
- ShareChat sees 15 pc increase in daily average users during lockdownThe Bengaluru-based company, which has about 60 million monthly active users (MAUs), has also stepped up efforts to weed out misinformation...
- ShareChat takes the shovel to 54,000 accounts, half-a-million content itemsPlatform has been on a clean-up spree since February to curb fake news, hate speech, spam, misinformation.
- ShareChat takes down half a million pieces of content, 54K accounts removedShareChat, a vernacular social network that supports 14 Indian languages, has about 45 million monthly active users.
- ShareChat bans 50,000 in dicey content clean-upSocial media startup takes action to keep pornographic, violent & fake content off platform.
- ShareChat drags Bytedance to court over copyright rowBesides mentioning of ad-words ‘ambushing’, ShareChat in its submissions on Friday also alleged that Helo was a “complete copy” of its prod...
- India Quotient to get 25x returns in Sharechat deal1-2% stake picked up by China’s Hillhouse Capital in a deal pegged at around Rs 50 crore.
- ShareChat raises Rs 720 crore, valuation may touch Rs 3.3k crRound led by Shunwei Capital, along with Morningside & DST Global affiliate Jesmond.
- ShareChat Valuation Jumps 7x to $460 millionRound led by existing backer Shunwei Capital with new investors Morningside and a DST Global affiliate
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