A window of opportunity for Indian apps: Investors
Investors said social content constantly requires large investments to scale, which domestic investors may be unwilling to do
Investors also highlighted the challenges around technology, product talent and capital investments, which are required to scale these social platforms
India’s decision to ban 59 Chinese apps has prompted investors to look at home-grown social content platforms to invest in. TikTok alternative MitronTV raised ₹2 crore in seed funding this week from venture capital firm 3one4 Capital and LetsVenture. ShareChat, which competes with the banned Chinese app Helo, is looking to raise $100 million, and is in advanced talks with existing investors, individuals aware of the discussions said, requesting anonymity.