Mohalla Tech owned ShareChat secured $145Mn at a valuation of $2.88Bn
Mohalla Tech, the holding company for Moj and ShareChat, has secured a whopping $145 million as part of its Series F investment, which was led by Singaporean investment firm Temasek, Moore Strategic Ventures (MSV), as well as Mirae-Naver Asia Growth Fund. The Indian social media platform is now valued at approx $2.88 billion higher compared to the $2.1 billion it was valued in April 2021.
Credit: Manjunath Kiran/AFP via Getty Images
This comes on top of the $502 million collected in April by the startup, which was driven by venture capital groups Lightspeed Ventures and Tiger Global. Social media conglomerates Twitter and Snap Inc. also participated in the previous round. According to a press release from ShareChat, the additional funding will let the startup double down on its strategic priority of improving AI Feed, engaging, and incentivizing its creator network. The Bangalore-based social media platform has
ShareChat Reach $2 88bn Valuation; ITV Report Revenue Recovery
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India s ShareChat valued at $2 88 billion in $145 million fundraise – TechCrunch
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