ShareChat buys meme platform for undisclosed amount

Bengaluru: Regional language social media firm ShareChat said it bought Memer, a platform for discovery and sharing of memes for an undisclosed amount.

Memer’s product suite will be integrated into Twitter-backed ShareChat, making it more exciting to its users, the Bangalore-based company said.

“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.