Weekly digest: Global Venture Investments 🌏⚖️

Google Invested $300M in the Indian ShareChat💰 📲

The parent company of the Indian startup ShareChat has raised nearly $300 million in new capital from Google Alphabet Inc, media giant Times Group and Singapore's Temasek Holdings.

This is Google's second major investment in the Indian short video industry. The fist one was aimed to support Josh, the competitor of a ShareChat Moj’s subsidiary.

The popularity of short video apps like Mojo and Josh has skyrocketed after India banned TikTok from ByteDance and some other Chinese apps in 2020.

Currently, ShareChat has 180 million monthly active users. The app was last valued at $3,7 billion in a $266 million funding from Alkeon Capital and Temasek.

PTC Acquires the German Intland Software Company for $280M 🖥📀

PTC is an American software developer. It plans to use the ALM portfolio by Intland to help customers integrate program systems into their products. The transaction is expected to be closed in the third financial quarter.

"This acquisition will complement our strengths in product lifecycle management (PLM) and model-based system design as part of our Digital Thread portfolio strategy," the president and CEO of PTC James Heppelmann claimed.

Intland's range of ALM services is currently used in various industries, including automotive, life sciences, consumer electronics, and aerospace.

Pre-created Codebeamer templates and partner integrations build a more user-friendly means of understanding and meeting requirements common in regulated industries. They also provide customers with risk and testing management capabilities, as well as support for agile software development.

The Total of M&A Deals in the IT Sector Hit $60B in April 2022 💻💸

According to GlobalData, the global amount of mergers and acquisitions deals reached $62,7 billion in the technology industry. The leading transaction is the acquisition of Twitter by X Holdings I and X Holdings II for $44 billion.

This number is roughly 200% bigger than in March 2022, when the volume of M&A transactions in the technology sector was $21 billion.

Notably, North America ranked first with the total deal value of nearly $60 billion. In the country context, the United States topped the list in terms of the amount of transactions in the amount of 60 billion dollars.

The leader in the number of M&A transactions in April 2022 was the USA with 168 transactions, followed by the UK with 52 and Canada with 34.

From the beginning of 2022 to April, mergers and acquisitions in the field of technology exceeded $200 billion worldwide.