Elanic: Exclusive: ShareChat acquires Elanic, forays into social commerce

Local language social networking startup ShareChat has acquired Elanic - a social marketplace for pre-owned clothes, according to two people familiar with the deal. The idea is to foray into the world of social commerce through Elanic as ShareChat looks at different models to monetize on its platform, added the people cited above."The deal already went through a few months ago and the Elanic team is now working out of the ShareChat office," said one of the people cited above, requesting anonymity.Continue reading Exclusive: ShareChat acquires Elanic, forays into social commerce at Entrackr.