ShareChat looking to raise $200 million from Tencent
ShareChat is India’s regional language-focussed social media platform
Investment is likely to come from a European entity to circumvent India’s FDI rules
As per amended FDI rules, Investments from border countries require prior approval from govt
ShareChat also counts China-based companies Shunwei Capital and Xiaomi as investors
Leading Indian startups Flipkart, Ola, Swiggy and BYJU’S are part of Tencent’s portfolio
ShareChat has over 160 million users across 15 Indic languages
