In addition, a ShareChat spokesperson advised News18 that the corporate observed virtually 5 lakh (0.5 million) new downloads for its app each hour on the 30th of June (yesterday). According to ShareChat’s co-founder and COO Farid Ahsan, the corporate has been getting a gentle development because the coronavirus pandemic.
At the time of writing this text, ShareChat claims that it has 60 million month-to-month lively customers. The platform is on the market in 14 regional languages corresponding to Hindi, Marathi, Bengali, Gujarati, Punjabi, Malayalam, Tamil, Telugu, Kannada, Odia, Bhojpuri, Assamese, Rajasthani, and Haryanvi.
ShareChat’s director of public coverage, Berges Malu expects an increase in investor curiosity in Indian social media platforms. In August final 12 months, social media big Twitter led a $100 million funding spherical for ShareChat. Also, again in 2018, the corporate raised Rs. 720 crore (about $100 million) from Xiaomi and enterprise capital companies together with SAIF Partners and Lightspeed Venture Partners.
ShareChat shouldn’t be the one app that’s getting benefitted from the scenario. Last week, TikTok clone Mitron hit 1 crore (10 million) downloads on the Play Store. The app gained such numbers even earlier than the federal government introduced the ban. Hence, Mitron may witness elevated userbase as nicely.
Meanwhile, ShareChat is working so as to add tighter integrations with different apps corresponding to WhatsApp. As noticed by WABetaInfo, WhatsApp will quickly assist native playback of movies from ShareChat. With this variation, WhatsApp customers will be capable to play ShareChat movies proper inside WhatsApp with out leaving the appliance.