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A deal between Snap and Google to invest in India’s ShareChat has been reached

Indian social network ShareChat is in advanced talks to raise money from Google and Snap. The new financing round — a Series E — is slated to be larger than $200 million. The round values ShareChat at more than $1 billion, two sources said. If the deal goes through, it would be the first investment from Snapchat’s parent company into an Indian startup.

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