ShareChat buys hyperlocal info platform Circle Internet

Home-grown regional language social media app ShareChat on Monday announced it has acquired Circle Internet, a hyperlocal information platform, for an undisclosed sum.
ShareChat buys hyperlocal info platform Circle Internet

New Delhi

The existing 15-member Circle Internet team has joined ShareChat. “The acquisition will help us penetrate deeper into geographies and nurture a thriving hyperlocal content ecosystem that will understand and serve the latent content needs of, the next billion internet users more effectively,” said Manohar Charan, VP, Corporate Development and Strategic Finance, ShareChat.
 “Circle App will continue to grow independently and empower our users to post more relevant and contextual content on the platform.”
 Circle was founded in 2018 by three IIT-ians Uchit Kumar, Gaurav Agrawal, and Shashank Shekhar and was backed by SAIF Partners and Venture Highway. It provides locally relevant information to Indian language Internet users across tier-2 and tier-3 cities, and currently has a presence in more than 120 districts across Uttar Pradesh, Rajasthan, and Kerala.

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