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ETtech Deals Digest: Swiggy, ShareChat raise funds this week - Vimarsana News

ETtech Deals Digest: Swiggy, ShareChat raise funds this week

ETtech Deals Digest: Swiggy, ShareChat raise funds this week SECTIONS Last Updated: Apr 09, 2021, 08:16 PM IST Share ETtech Illustration: Rahul Awasthi Some hefty funding deals this week propelled a number of startups into the unicorn club. But we start with food ordering platform Swiggy, which is building a war chest to take on IPO-bound Zomato. Swiggy gets $800 million in funding Liking this story? SUBSCRIBE We'll soon meet in your inbox. Please wait... Swiggy has raised $800 million from investors led by Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. The deal...

India's ShareChat Raises $502 Million From Snap, Twitter, Others; Valuation Tops $2 Billion - Vimarsana News

India's ShareChat Raises $502 Million From Snap, Twitter, Others; Valuation Tops $2 Billion

India's ShareChat raises $502 million from Snap, Twitter, others; valuation tops $2 billion Aditya Kalra , By Aditya Kalra NEW DELHI (Reuters) - Indian content-sharing platform ShareChat said it has raised $502 million in fresh funding from Tiger Global, Snap Inc and some existing investors such as Twitter Inc, valuing it at more than $2 billion. The funding was led by U.S. venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said in a statement on Thursday. Tiger Global and Snap, owner of popular photo-messaging...

India's Sharechat is latest to enter unicorn club with $502m funding round - Vimarsana News

India's Sharechat is latest to enter unicorn club with $502m funding round

India’s Sharechat is latest to enter unicorn club with $502m funding round Photo by Himanshu Choudhary on Unsplash April 8, 2021 Homegrown social media apps, Sharechat and Moj, are the latest entrants to the unicorn club. Mohalla Tech, the company behind these apps, has raised $502 million in its latest funding round, led by venture firms Lightspeed Ventures and Tiger Global. American social media companies, Twitter and Snap Inc, also participated in the round. Ankush Sachdeva, chief executive officer and co-founder of ShareChat, said the fresh funds will be used to grow the company’s us...

ShareChat raises $502 million; valuation rises to $2.1 bn - Vimarsana News

ShareChat raises $502 million; valuation rises to $2.1 bn

ShareChat raises $502 million; valuation rises to $2.1 bn ShareChat has close to 160 million active monthly users. It's available in 15 local languages including Tamil, Assamese, Bengali, Malayalam, among others. ShareChat's short video platform Mauj's monthly active subscribers have crossed 120 million in 9 months BusinessToday.In | April 8, 2021 | Updated 13:49 IST Sharechat co-founder Ankush Sachdeva says on both ShareChat & Moj, the content consumption is driven through an AI-powered content feed Homegrown regional language social media platform ShareChat has raised $502 million from inv...

ShareChat Raises $502 Million From Snap, Twitter, Others - Vimarsana News

ShareChat Raises $502 Million From Snap, Twitter, Others

ShareChat Raises $502 Million From Snap, Twitter, Others; Valuation Tops $2 Billion ShareChat has plans to raise more funds from investors in the coming months, as per a source. By Reuters | Updated: 8 April 2021 11:12 IST Photo Credit: Medium/ ShareChat Highlights ShareChat is valued at more than $2.1 billion (roughly Rs. 15,590 crores) ShareChat has plans to raise more funds from investors  ShareChat content-sharing platform said it has raised $502 million (roughly Rs. 3,720 crores) in fresh funding from Tiger Global, Snap, and some existing investors such ...

Source: ndtv.com