We have reached out to funds as well as strategic investors like Google. "As Chinese tech applications are banned, we expect larger investor traction for ShareChat, which directly competes with ByteDance's Helo. "Google is not the only firm that has held discussions with ShareChat, which counts microblogging platform Twitter as one of its investors. It is also in discussions with existing investors, including SAIF Partners and Lightspeed Venture Partners , ET reported in July.ShareChat said it cannot comment on any "market speculation". MX Player is owned by Times Internet, the digital arm of the Times Group that includes The Economic Times.

Source: Economic Times August 17, 2020 02:26 UTC