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Its raining unicorns in India. Not the mythical animal, but firms whose valuations have crossed the $1 billion mark. the latest to join the coveted "unicorn club" is conversational messaging platform Gupshup. The firm, which works in the enterprise messaging space, said Thursday it had raised $100 million in funding from Tiger Global Management, at a valuation of $1.4 billion. The announcement came shortly after Mohalla Tech, the parent firm of short video app Moj and Indic language social media platform ShareChat said it had raised $502 million from Lightspeed Ventures and Tiger Global, ...

Updated Apr 08, 2021 | 22:42 IST These four days of April 5-8th, 2021 will always be memorable. Screengrab  New Delhi: In these four days, even as India fought a second wave of the coronavirus and feared a shortage of vaccines, five startups gave us something to cheer about. In four straight days, there were 5 new unicorns. And, these five have raised a jaw-dropping $1.2 bn in these four days.    Let that sink in. A staggering $1.2 bn raised by five new-age companies in just four days. ShareChat & Moj (parent co: Mohalla Tech) Its raised $502 mn, and hit a valuati...

The company has raised $502 million in its latest round 08 Apr, 2021 - 04:27 PM IST     |     By indiantelevision.com Team     KOLKATA: Mohalla Tech, the parent company of Moj and ShareChat, has become the latest entrant to the coveted unicorn club. The start-up has raised $502 million in its latest round of funding led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient. With the new rounds of investment, its valuation has passed over $2.1 billion. ShareChat CEO & co-founder Ankush Sachdeva said, “We are at an exciting inf...

Mohalla Tech, the parent of short video app Moj and Indian regional language social media platform ShareChat, as well as conversational messaging platform Gupshup became the latest entrants to the unicorn club this week. While Mohalla Tech raised $502 million at a valuation of a little over $2.1 billion, Gupshup raised $100 million at a valuation of $1.4 billion. The investment in Mohalla Tech was led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter, and India Quotient, among others, the firm said in a statement. Gupshup, which works in the enterpri...

In a week that saw the making of unicorns, short video app Moj and Indic language social media platform ShareChat parent Mohalla Tech joined the club with its latest fundraise of $502 million, valuing the company at 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, the firm said in a statement. This is also the fifth Indian firm to hit the unicorn or $1 billion valuation this week. Others include social commerce firm Meesho, online investment firm Groww, fintech...