ShareChat Gets $1.3billion Of Funding

The Indian social networking app ShareChat has received 1.35 million US dollars' worth of seed funding from Saif Partners. ShareChat is a social network that allows users to post, share and discover content. It currently operates in 4 Indian languages: Hindi, Telugu, Marathi and Malayalam. The fact it is multilingual is filling an urgent need in the Indian social media market, because the majority of people in rural India don't speak English, the language that most social platforms are written in. ShareChat has said that it will use the new funding to improve the app and launch it in new languages. There are 30 languages with over 1 million native speakers in India.