ShareChat acquires hyperlocal information platform Circle Internet
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Indian social media platform ShareChat, on Monday, announced that it has acquired hyperlocal information platform Circle Internet. ShareChat is backed by Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital. Circle Internet which provides locally relevant information in Indian languages is currently present in 120 districts across Rajasthan, UP and Kerala.