Twitter talks to acquire Indian social media startup ShareChat


The American firm, which is already an investor in Bangalore-based ShareChat, offered to buy the five-year-old Indian startup for $1.1 billion and had committed an additional investment of $900 million, two of the sources said. ShareChat, backed by Lightspeed Partners India, Elevation Capital, and India Quotient among others, has raised about $260 million to date.

The talks did not materialize into a deal, two sources said, requesting anonymity as the matter is private. TechCrunch could not determine the reason the two companies ended the talks.

https://techcrunch.com/2021/02/21/twitter-explored-buying-indian-startup-sharechat-and-positioning-moj-as-a-global-tiktok-rival/

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