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ShareChat and Gupshup turn unicorns Two more startups — ShareChat and Gupshup — are the latest entrants to the coveted $1 billion valuation club. 0 claps Share on Looks like the new fiscal has opened the floodgates for Indian startups to enter the unicorn club. Two more startups — ShareChat and Gupshup — are the latest entrants to the coveted $1 billion valuation club.  Indian language social media platform ShareChat raised $502 million in a round led by Lightspeed Ventures and Tiger Global, taking the company's valuation to $2.1 billion. Also, Silicon Valley-headquartered conversa...

[Weekly funding roundup] 6 unicorns and $2.5B investments in one week creates new record The second week of April 2021 was unprecedented for the Indian startup ecosystem — not only for the quantum of venture funding, but also the speed at which new unicorns emerged. 0 claps The Indian startup ecosystem broke all records after six startups turned unicorns and $2.5 billion of venture funding was raised in just one week. This unprecedented week set the stage for the remaining nine months of this year to create new benchmarks. To put it in context, the funding worth $2.5 billion for the second...

Mohalla Tech, parent company of ShareChat & Moj, raises $502 million in Series E round April 08, 2021 Enters Unicorn Club with a valuation of $2.1 billion Mohalla Tech, the parent company of short video app Moj and Indic language social media platform ShareChat, has become the latest entrant to the Unicorn Club with a fund raise of $502 million in Series E, at a valuation of a little over $2.1 billion. The investment has been led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient, amongst others. Commenting on the financing round, Ank...

Six fundraising rounds so far. Moj was launched in July last year. New Delhi: Mohalla Tech, the parent company of leading short video app Moj and vernacular social media platform ShareChat, on Thursday said it has raised $502 million (about Rs 3,726 crore) in its Series E funding round, taking the valuation to a little over $2.1 billion. The latest investment round was led by Lightspeed Ventures and Tiger Global, along with participation from Snap, Twitter and India Quotient and others. Founded in 2015, Mohalla Tech has successfully raised over $766 million across six fundraising rounds, enab...

ShareChat, Moj raise Rs 3,726 cr, join unicorn club ​ By IANS | ​ 3 Views ShareChat.. Image Source: IANS News New Delhi, April 8 : Mohalla Tech, the parent company of leading short video app Moj and vernacular social media platform ShareChat, on Thursday said it has raised $502 million (about Rs 3,726 crore) in its Series E funding round, taking the valuation to a little over $2.1 billion. The latest investment round was led by Lightspeed Ventures and Tiger Global, along with participation from Snap, Twitter and India Quotient and others. Founded in 2015, Mohalla Tech has successfully r...