Social media platform ShareChat may acquire startups in the areas of artificial intelligence (AI), machine learning (ML) and online gaming, among others, to boost its platform, The Economic Times reported. The platform currently has 60 million users across 16 languages. Earlier this week, Manohar Charan was appointed as the company’s vice president for corporate development and strategic finance.
Mobile applications usage surges amid lockdown
Social media platform TikTok and mobile game PUBG saw a 50-80% increase in active users between February and March, according to the data by US-based analytics platform SimilarWeb, accessed by The Times of India. Mobile applications like Houseparty and Zoom have seen the biggest spikes in fresh user installs. Additionally, e-commerce platforms like Flipkart, Amazon India, and Myntra noticed a 40-50% increase.
Cred rolls out new lending products
Freecharge founder Kunal Shah’s fintech company Cred has brought out two lending products for its members, The Economic Times reported. The company will offer a flexible credit line and enable paying rent via credit card. The report revealed that the applicants need to have a minimum credit score of around 750 to be accepted as a member of Cred.