Google is out for acquiring social media platform Sharechat as per ET Now report. Google, the world famous tech giant, could make this acquisition of the Indian startup at a valuation of billion plus dollars.

Sharchat is a hit among its investors, and it had eyes on it by Microsoft.

Sharechat raised $40 million in a pre-series E round which valued at $650 million. Sharechat has found takers like Twitter, SAIF Partners (now – Elevation Capital), Lightspeed Ventures and Indian corporates like Dr. Pawan Munjal and DCM Shriram Promoters Family Office. It has raised $264 million so far.

Google’s Acquiring from Sharechat

Sharechat, the Indian social media platform, has developed a strong base for itself in India. It’s a conscious decision as Sharechat is not going after the first adopters of the internet in India, the English-speaking audience which consumes content similar to the Western world. Sharechat has 15+ Indian languages.

Google has the chance of gaining Sharechat’s expertize over vernacular language. In July, Google had announced that it would invest a whopping $10 billion in India through the Google for Digitization Fund, from which Google had already invested $4.5 billion in Reliance Jio.

Google CEO, Sundar Pichai after that said that Google will invest on the areas of enabling affordable access and information to every Indian in their own language, building new products and services which are deeply relevant to India’s unique requisites, business empowerment for outgrowing reach of digital transformation, and leveraging technology and AI for social benefits in fields of health, education and agriculture mainly.

In recent events, Sharechat had also developed a research and development lab in Silicon Valley known as Sharechat Labs, and to lead its product developments, it also brought on board former Uber product leader Gaurav Mishra.

Sharechat, at the Silicon Valley lab, will develop technologies based on artificial intelligence and machine learning-driven capabilities for expanding its social media platform and its recently developed video platform Moj.

Sharechat holds 130 million monthly users and Moj has 80+ millon monthly users.