To fuel growth in the changed operating ecosystem, ShareChat is looking to raise $150-200 million as it plans on aggressive expansion because its Chinese counterparts and primary rivals TikTok and Helo applications have been banned by the government from operating in Indian markets.

Previously, ShareChat competed with ByteDance owned Helo application, merely after days, the ban was imposed on TikTok which is also owned by ByteDance. After that, the company launched a new short-video platform, ‘Moj’ as an alternative to it.

Meanwhile, it should be noted that development about Sundar Pichai-led Google comes just days after it had been reported that Satya Nadella-led Microsoft Inc had held discussions for potential investment into ShareChat.

Since the ban on TikTok’s operations in India, a stream of alternative short-video sharing social media platforms has witnessed exponential growth.

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Both the giants are in talks and this may result in Microsoft acquiring and owning TikTok’s operating service in the US, Canada, Australia, and New Zealand. The company further added that the decision will finally reach its conclusion by September 15. Details regarding the finances are yet to be disclosed.

TikTok had to face concerns from the US, alleging that the video-sharing platform is involved in the process of data sharing for the Chinese Government. The app along with other, 105 China made apps had to face a ban from the Indian Government in two different phases. Now with the same line of action President of the United States is also intending to ban TikTok in the US .

Microsoft released a statement saying, “It (Microsoft) is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.”

The company also expressed its desire to invite other US investors to participate in the purchase.

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