ShareChat to acquire MX TakaTak for Rs 4,500 cr

Mohalla Tech, the parent company of homegrown social media apps Moj and ShareChat, is acquiring Times Internet-owned short-video platform MX TakaTak for nearly $600 million (about Rs 4,500 crore), sources said here on Thursday.

In 2021, Mohalla Tech cumulatively raised $913 million, at a valuation of $3.7 billion.

The acquisition, sources close to the development said, will further bolster ShareChat’s short-video market share through the platform Moj. When contacted, the companies declined to immediately comment on the development.

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