SHARECHAT BUYS MEME-SHARING APP MEMER

BENGALURU: Twitter-backed social media startup ShareChat has acquired Bengaluru-based Memer, a platform that allows users to discover and share memes in regional languages. The terms of the deal were not disclosed. Memer, which founded by three IIT graduates in August, 2018, gained had popularity in the regional markets, especially among young audiences. With the acquisition, Memer’s product suite will be integrated into ShareChat. This is ShareChat’s second acquisition this year. In February, the social media startup had acquired another Bengalurubased online fashion marketplace Elanic for an undisclosed amount.