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Rising Indian social networking application ShareChat is apparently drawing some interest in tech circles in the U.S.
Manish Singh of TechCrunch reported Monday that Google and Snap Inc. are in advanced stages of talks to participate in a new series E financing round, which would value the Indian company at over $1 billion.
Google had not responded to a request for comment at the time of this post, and Snap declined to comment.
Twitter, which led a $100 million investment round in ShareChat in August 2019, is a possible participant in the new funding round, along with other existing investors, sources familiar with the proceedings told Singh.
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