Earlypad Introduces Indian Startup of the week:ShareChat

It doesn’t matter if you run a small shop or a big company. Social Media is a very important part of your business marketing strategy.

India’s vast regional diversity has been an issue for most brands. But, networking by the utilisation of regional content has proved to be highly beneficial for most brands. It helps in more innovation and boosts business productivity.

Hence, this week we have come up with one such interesting information about a Social Networking and Regional Content Platform, ShareChat.

About ShareChat

ShareChat is India’s own Social Media App with more than 100 million users. It offers the content consumption and sharing platform only in Indian vernacular languages to cater to over 1.17 billion wireless network users of India. It is available in 15 Indian languages that are Hindi, Telugu, Marathi, Gujarati, Punjabi, Malayalam, Bengali, Tamil, Kannada, Odia, Bhojpuri, Assamese, Rajasthani, Haryanvi & Urdu.

Vision & Mission

ShareChat is building a social platform for people of India in their languages available as an android app. They are developing a product which delivers a world-class user experience even to the first time internet users of India with a mission to grow as the fastest growing social network in India.

HeadQuarters

ShareChat has its headquarters in Bangalore,Karnataka,India.

Founding Year

ShareChat was founded in the year 2015.

Founders

Ankush Sachdeva: He is the co-founder and CEO at ShareChat. He earned his degree at IIT Kanpur.

Bhanu Pratap Singh: He is a co-founder and CTO at ShareChat.

Farid Ahsan: He is a co-founder at ShareChat and has earned his degree at Indian Institute of Technology, Kanpur.

Number of Lead Investors

It  is funded by 14 investors. Pawan Munjal,Chairman of Hero Moto Corp Ltd  and Ajay Shriram,Chairman of DCM Shriram Ltd are the most recent investors.

Funding Rounds

ShareChat has raised a total of $262.8M in funding over 8 rounds. Their latest funding was raised on Sep 24,2020 from a Series E  round.

Most Recent Investments

Their most recent acquisition was HPF FILMS on Sep 16, 2020.

Most Recent News

ShareChat’s short video app Moj gets access to Tips Music’s Liabrary so that users of its short video platform “Moj” can use the label’s music. This collaboration with allow ShareChat users to access an exhaustive library of Tips Music to create content on the platform.

How Did Share Chat End Up Being the Lovable Platform for Millions in India? Check out!

Hope you liked the story. Comment and share your views with us. Reach out to us at reach@earlypad.com.

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