ShareChat scouts for start-ups in AI, ML space to expand product portfolio



Looking to expand inorganically, social media start-up ShareChat has acquired meme platform Memer for an undisclosed amount. With the acquisition, the eight-member team at Memer has joined ShareChat, which will be contributing towards making the Bengaluru-based portal a more robust platform with a stronger regional connect.

The company is actively looking to partner with more such start-ups in areas such as AI, ML, computer vision, online gaming, live streaming and other such technologies.

“We are looking for inorganic opportunities to complement our organic efforts and power the growth engine. We are on active lookout for startups that complement our product capabilities and share the vision of serving diverse content and social needs of Indian masses. Memer happens to be the first step towards this approach,” said Manohar Charan, VP, Corporate Development and Strategic Finance, ShareChat.

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