ShareChat In Talks To Acquire Short Video Platform & Rival MX TakaTak

ShareChat In Talks To Acquire Short Video Platform & Rival MX TakaTak

SUMMARY

The deal valuation, reportedly, has not yet been ascertained as negotiations are still on

ShareChat has to date acquired five startups — Hera Pheri Films, Memer, Circle Internet, Elanic, and Clip App

Currently, in the social short video segment poised to reach 650 Mn monthly active users, ShareChat and Moj are the most downloaded and used apps, followed by MX TakaTak and Josh

Bengaluru-based social media startup ShareChat’s parent company Mohalla Tech, which also operates the short-video app Moj is in talks to acquire Times Internet’s MX TakaTak.

According to a Mint report, the deal valuation has not yet been ascertained as negotiations are still on.

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