Regional language social media firm ShareChat said it has bought Memer, a meme discovery and sharing platform, for an undisclosed amount.
Memer’s product suite will be integrated into Twitter-backed ShareChat, while the eight-member team will join the Bengaluru-based startup.
“Today, ShareChat is on a rapid growth path, and it’s really important to keep a sharp focus on product innovation and faster execution. Therefore, we are looking for inorganic opportunities to complement our organic efforts and power the growth engine,” said Manohar Charan, VP – Corporate Development and Strategic Finance, ShareChat.
“We are on active lookout for startups that complement our product capabilities and share the vision of serving diverse content and social needs of Indian masses” Charan said.
Read: ShareChat eyes AI and ML startup purchases