• About
  • Contact
Friday, May 20, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

ShareChat Acquires Hyperlocal Information Platform Circle Internet

Pritish raj by Pritish raj
August 24, 2020
in News, Tech
Reading Time: 2 mins read
A A
0
ShareChat CIrcle Internet- Next Big Brand

ShareChat CIrcle Internet- Next Big Brand

  • Homegrown social media site ShareChat has acquired Circle Internet, a hyperlocal communication network. The software offers local knowledge.

Homegrown social media site ShareChat has acquired Circle Internet, a hyperlocal communication network. The software offers local knowledge to Internet users of the Indian language in Tier-II and Tier-III cities with a presence right now in Uttar Pradesh, Rajasthan and Kerala. This has a network of more than 1000 volunteers, the firm said in its announcement.

Although their existing 15-member team will join ShareChat’s team, the app will be allowed to function independently. The company says it will help create a “language-first user-generated, community-driven hyperlocal content ecosystem.”

The Twitter-backed social media site has been developing its short-video app, called Moj after Bytedance-owned TikTok and Helo were blocked by the Indian government. ShareChat itself is also a social network that targets users in Tier-II and Tier-III cities, and the company may use Circle Internet’s knowledge to enrich both platforms’ content.

“Circle App will continue to evolve independently, encouraging our users to post more important and interactive content on the app,” said Manohar Charan, ShareChat’s vice president of corporate development and strategic finance.

“To diversify the user spectrum at ShareChat, circle users can be further leveraged and drive more community-driven commitments,” he said.

Shashank Shekhar, chief executive, and co-founder of Circle Internet, also said the company could use a “robust user-generated content strategy” to scale across India and enter other states. “With their wide scope, language-first approach experience, efficient content serving algorithms, we will soon reach out to most districts across India,” he added. Shekhar was the head of business operations at ShareChat before he started operating Circle.

ShareChat currently has more than 130 million monthly active users (MAUs) and has sought to take advantage of India’s absence from TikTok despite the government’s prohibition. The firm has also recently been in negotiations with Microsoft for an investment of about $100 million. The Circle Internet is funded by companies like SAIF Capital, and Venture Highway.

Google is in talks with ShareChat to invest in the social media business headquartered in Bengaluru.

ShareChat is looking to raise $150-200 million and is engaged in talks with investors and technology firms as it is preparing to battle over a dozen rivals to fill the void left by blocked Chinese apps, including TikTok and Helo. JPMorgan advises the organization on fundraising.

Previous Post

Understanding Brand Stories & New-Age Storytelling With Harsh Pamnani

Next Post

Decoding YouTube Growth With Creators Of BINOD- Slayy Point

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

High street essentials founders
News

High Street Essentials Bags 40 Crore From Stride Ventures

May 20, 2022
Cars24 founder
Automobile

Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost

May 19, 2022
Ola Foods logo
Food

Ola Foods Cancels Expansion Plans, Looks To Integrate With 10-minute Grocery Delivery

May 19, 2022
Sameer Nigam PhonePe CEO
News

PhonePe To Acquire WealthDesk For Around $50 Million & OpenQ For Nearly $25 Million

May 18, 2022
Smytten Founders
News

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall
News

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
Next Post
Slayy Point- Next Big Brand

Decoding YouTube Growth With Creators Of BINOD- Slayy Point

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple brand story BYJU Ravindran Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india Startups startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad YouTube Zomato Zomato App

Instagram

Follow Me!

Recent News

  • High Street Essentials Bags 40 Crore From Stride Ventures
  • Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost
  • Ola Foods Cancels Expansion Plans, Looks To Integrate With 10-minute Grocery Delivery

Latest News

High street essentials founders

High Street Essentials Bags 40 Crore From Stride Ventures

May 20, 2022
Cars24 founder

Used Car Ecommerce Platform Cars24 Lays Off 600 Employees To Cut Cost

May 19, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.