new delhi sharechat on monday said it has acquired bengalurubased circle internet for an undisclosed amount a move that will help the homegrown social media app strengthen hyperlocal content on its platformcircle internet was launched in 2018 by uchit kumar gaurav agrawal and shashank shekhar a former sharechat executivebacked by saif partners and venture highway circle internet provides locally relevant information to indian language internet users across tierii and iii cities and currently has a presence in more than 120 districts across uttar pradesh rajasthan and keralaover two million hyperlocal content pieces have been created on the platform since inception contributed by both users and verified creatorswith the acquisition of circles business the existing 15member team has joined sharechat and will be contributing towards building a languagefirst communitydriven user generated hyperlocal content ecosystem a statement saidthe platform brings a network of over 1000 volunteers to contribute towards the hyperlocal content ecosystem it addedsharechat is growing faster than the industry and we are investing in our capabilities to serve diverse content needs of the new users that we add to the platform sharechat vice president corporate development and strategic finance manohar charan saidthe acquisition will help us penetrate deeper into geographies and nurture a thriving hyperlocal content ecosystem that will understand and serve the latent content needs of the next billion internet users more effectively he explainedcharan further said circle internets hyperlocal expansion playbook complements sharechats wide user base to create a strategic advantage and enhance its operational muscles to boost a communitypowered content ecosystemcircle app will continue to grow independently and empower our users to post more relevant and contextual content on the platform circle content can be further leveraged to diversify the content palette at sharechat and drive more communitydriven engagements he saidcircle internet ceo and cofounder shashank shekhar said circle was started with a vision to provide trustworthy locally relevant information to indian language internet users the platform evolved as an invisible thread to bridge the gaps in content being made available to nonenglish speaking internet users through relevant and contextual hyperlocal contentwith the help of sharechats wide reach expertise in languagefirst approach powerful content serving algorithms circle will soon be reaching out to the majority of the districts across india he addedi am doubly excited to start my second innings at sharechat he saidshekhar who headed content operations at the bengalurubased social media company before starting circle will head the overall content strategy for sharechat in his latest inningssharechat has over 130 million monthly active users and is available in 15 indic languages