Twitter said to be pumping in over $50mn into ShareChat
Xiaomi, Shunwei Capital and Morningside Ventures other names in the $100 million financing round
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Published: Jun 7, 2019 12:07 PM | 1 min read
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Twitter has been in the front of a $100 million financing round for social networking app ShareChat, say media reports.
It will be a first such investment for Twitter and is said to be pumping in over $50 million, while the rest of the funding will be from Xiaomi, Shunwei Capital and Morningside Ventures.
Hong Kong-based HillHouse Capital’s name is also doing the rounds.
Twitter Co-Founder Jack Dorsey is said to be directly involved in the talks.
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