Business Standard

Two years on, not one Indian app within reach of TikTok's popularity

A BS analysis shows no Indian app has been able to garner as many unique visitors as TikTok did before it was banned

Two years on, not one Indian app within reach of TikTok's popularity
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Ishaan Gera New Delhi
The buzz about Indian short video social media apps became louder on Monday with ShareChat’s parent company, Mohalla Tech, raising nearly $300 million in funding from Google, Times Group and Singapore’s Temasek Holdings. However, when it comes to matching the popularity bar set by TikTok, the banned Chinese app, the Indian apps still have some way to go.

The new round puts the company’s valuation at $5 billion, up from the $3.7 billion valuation in a funding round in December 2021. ShareChat had raised $266 million in December 2021 as part of Series G in a round led by Alkeon

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First Published: May 31 2022 | 5:42 PM IST

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