India’s Short Video App Mx Takatak is to be Acquired by ShareChat’s Parent Company- Mohalla Tech

In 2020, due to India-China disputes, New Delhi had banned all Chinese applications, including Bytedance’s TikTok short video app. After TikTok was forbidden, all the other video apps came into trend and became popularized all over the internet. ShareChat’s parent company Mohalla Tech also launched similar short video applications like Moj, with over 160 million users. According to sources, they are acquiring Mx TakaTak, their competitor, in an around $700 million deal.   

Mx Takatak is to be Acquired by ShareChat

As we know, competition is a fact of business life. The higher the level of competition, the more demand is for the product or service. Due to this rising competition, ShareChat’s parent company decided to acquire MX’s short video platform. ShareChat is a widespread application in the market valued at roughly $4 billion. It also counts Singapore’s Temasek Holdings and a famous social media platform Twitter among its investors. With the MX TakaTak acquisition, Mohalla Tech will now have two short-video apps in its portfolio. A spokesperson for MX also asked to comment, but they said they don’t have any immediate comment. When contacted, Sharechat’s parent company also declined to leave any comments on this acquisition.   

Rate this post

Subscribe to our newsletter:









    Web Stories

    Devara trailer is  OUT NOW !
    Devara trailer is OUT NOW !
    Boom in the Indian Music Industry
    Boom in the Indian Music Industry
    Ganesh Chaturthi: A Festival of Devotion
    Ganesh Chaturthi: A Festival of Devotion
    Anjali Arora get her first debut as Sita in Bollywood
    Anjali Arora get her first debut as Sita in Bollywood
    Rakul Preet Singh & Jackky Bhagnani share first wedding photos
    Rakul Preet Singh & Jackky Bhagnani share first wedding photos
    Devara trailer is OUT NOW ! Boom in the Indian Music Industry Ganesh Chaturthi: A Festival of Devotion Anjali Arora get her first debut as Sita in Bollywood Rakul Preet Singh & Jackky Bhagnani share first wedding photos