INTRO: Following the Indian government’s ban on 59 popular Chinese apps, homegrown and US-based alternatives have witnessed a rise in popularity. ShareChat is one among them and therefore the social media platform has reportedly gained a whopping 1.5 crore (15 million) new downloads since the ban.
In addition to this, a ShareChat spokesperson also told News18 that the corporate noticed almost 5 lakh (0.5 million) new downloads for its app every hour on the 30th of June that is (yesterday). According to ShareChat’s co-founder and COO Farid Ahsan, the corporate has been getting a gentle growth since the coronavirus pandemic.
At the time of writing this article, the company ShareChat claims that it’s 60 million monthly active users. The platform is out there in 14 regional languages like Hindi, Marathi, Bengali, Gujarati, Punjabi, Malayalam, Tamil, Telugu, Kannada, Odia, Bhojpuri, Assamese, Rajasthani, and Haryanvi.
ShareChat’s director of public policy, Berges Malu expects an increase in investor interest in Indian social media platforms. In August last year, social media giant Twitter led a $100 million funding round for ShareChat. Also, back in 2018, the company raised Rs. 720 crore (which is about $100 million) from Xiaomi and risk capital firms including SAIF Partners and Lightspeed Venture Partners.
ShareChat isn’t the sole app that’s getting benefitted from things. Last week, TikTok clone Mitron hit 1 crore (10 million) downloads on the Play Store. The app gained such numbers even before the govt announced the ban. Hence, Mitron might witness increased userbase as well.
Meanwhile, ShareChat is functioning to feature tighter integrations with other apps like WhatsApp. As spotted by WABetaInfo, WhatsApp will soon support native playback of videos from ShareChat. With this alteration, WhatsApp users are going to be ready to play ShareChat videos right inside WhatsApp without leaving the appliance.