ShareChat

The funding round was led by existing backer Shunwei Capital along with new investors Morningside Ventures of China and Jesmond Holdings

Existing investors including Xiaomi, SAIF Partners and Lightspeed Venture Partners also invested a significant amount

If ShareChat plans to go for a public offering, it will be at a minimum valuation of $2 Bn

• Successful Google acquisition of the startup will be first product acquisition by the global company.
• Co-founder of Sigmoid Labs that run the startup has denied the acquisition
• The app helps locate the train position without using Internet and GPS

• The AI tool will render any PDF containing regional language content into editable text
• Google will provide free Adsense to help publishers monetise content immediately
• The publishers using the service will also be given training

Primarily, Tencent Has Invested In Late Stage Companies Such As Flipkart, Ola And Practo

The Series A Funding Will Enable Pratilipi To Expand And Strengthen The Existing Team

13 Startup Funding Took Place In The Indian Startup Ecosystem This Week

With This Funding, The Regional Language Based Social Platform Aims To Expand Its Machine Learning And AI Efforts

Important Movers And Shakers Of The Indian Startup Ecosystem

The Fundraise Is Expected To Increase The Startup’s Valuation To $70 Mn

The Securities and Exchange Board of India (SEBI) relaxed…

Vernacular content app, ShareChat has raised $1.35 Mn…