Friday, 24 March, 2023

ShareChat acquiring MX Takatak could create India’s largest short video platform

<p>Tiger Global-backed ShareChat has announced that they have reached a deal to acquire MX TakTak. As part of the deal which is said to be worth $600M (cash+equity), 180 MX TakaTak employees will join ShareChat&rsquo;s parent company Mohalla Tech. After TikTok was banned in India, this deal could very well create India&rsquo;s largest short video platform. MX TakaTak will join Moj and their combined monthly active user count is expected to reach 300M+.</p>