ShareChat Raises 255 M From Google Times Group Others Valued At 5 Bn
ShareChat in a statement said it has closed multi-tranche funding round through which it raised a total of USD 520 million, , ShareChat, google
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ShareChat in a statement said it has closed multi-tranche funding round through which it raised a total of USD 520 million, , ShareChat, google
Google and media giant Times Group are the new investors in the round.
Mohalla Tech, the parent company of ShareChat and the creator of the short video platform Moj, has raised $255 million (almost Rs 2,000 crore) in capital from Google, the Times Group (publisher of this newspaper), and other investors.
In the first part of the round, ShareChat had raised $266 million in December 2021 from Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures, and India Quotient.
After months of speculation, the parent company of ShareChat will be receiving $77.7 Mn or INR 607 Cr from Google and Temasek.