ShareChat

ShareChat filed a complaint against ByteDance allegedly for ‘adwords ambushing’

Delhi Court had ordered ByteDance to desist from placing bids on ‘ShareChat’ as a keyword on Google’s AdWords

ByteDance said it is focused on being a responsible company, in compliance with the local laws and regulation

Chinese content aggregator ByteDance has been asked to refrain from using “ShareChat” as a Google ad-word

When a user searched for “ShareChat” on Google search, ByteDance’s ‘Helo’ appeared as “one of the first search results”

ByteDance’s Helo also faces criticism over similar interface to that of ShareChat

Sharechat recently raised $100 Mn with a valuation jump of 7x

Around 1-2% stake has been picked up by China’s Hillhouse Capital

India Quotient continues to hold around 5% stake in Sharechat

In Week 2 of Lightspeed Extreme Entrepreneurs, the 8 finalists spoke with Farid Ahsan, co-founder, Sharechat

Farid highlighted the importance of taking a systematic data-driven approach enabled by continuous experimentation

He advised early-stage startups to find frugal and innovative growth hacks, as opposed to just deploying capital

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