Twitter said to be in talks to invest in social networking app ShareChat

The Twitter homepage is seen on a computer screen. Photo: Con Karampelas/unsplash

Twitter is in talks to invest in local language social networking app ShareChat at a $600-650 million valuation, said an ET report, quoting sources. The proposed investment will help the microblogging site expand its operations in cities beyond the metros.

Twitter is expected to lead a $100 million funding round in the four-year old Bengaluru-based startup (run by Mohalla Tech Pvt. Ltd), the report added.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter