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Sharechat Raises Another $145 Million From Temasek, Others At $2.88 Billion Valuation

Jul 27, 2021•about 4 years ago

Amount Raised

$145 Million

Bengaluru

Description

Bengaluru: Mohalla Tech, the parent firm of regional language social media platform Sharechat and short video app Moj, said it has raised an additional $145 million for its Series F funding round led by Singapore’s Temasek and Moore Strategic Ventures. Mirae-Naver Asia Growth Fund also participated in the latest financing.

Company Information

Company

Sharechat

Location

Bengaluru, Karnataka, India

About

Post the new tranche of capital, Sharechat will be valued at $2.88 billion, the company said in a statement on Tuesday. ShareChat said the total capital raised by the company this year will help the firm double down on its strategic priorities of building best in class AI or Artificial Intelligence feed, attracting and incentivising diverse creator base and strengthening safety on its platform.

Company News

(10 articles)
Thu, 10 Feb 2022 08:00:00 GMT

India's ShareChat buys rival MX's short-video app in $700 mln deal, sources say - Reuters

Thu, 15 Aug 2019 07:00:00 GMT

Twitter leads $100M round in top Indian regional social media platform ShareChat - TechCrunch

Thu, 22 Apr 2021 07:00:00 GMT

Tencent quietly backed Indian platform ShareChat despite restrictions - Financial Times

Thu, 27 Oct 2022 23:36:22 GMT

Indian politicians are now flocking to an unlikely “no English” social network - Quartz

Mon, 04 Sep 2023 07:00:00 GMT

Sharechat positions itself as a go-to destination for trending content in its new campaign - afaqs!

Sun, 14 Apr 2024 07:00:00 GMT

ShareChat’s valuation drops below $2B after new funding round - TechCrunch

Thu, 25 Jan 2024 08:00:00 GMT

How ShareChat’s Short Video App Moj Lost Its Mojo - Inc42

Mon, 13 Nov 2023 08:00:00 GMT

ShareChat founders secure $3 million in funding for industrial robotics startup - The Economic Times

Thu, 05 Sep 2024 07:00:00 GMT

Short videos drive over 47% consumer choices: ShareChat & Moj report - MediaNews4U

Thu, 28 Mar 2024 07:00:00 GMT

Amazon takes minority share in ChatGPT rival Anthropic AI - Cointelegraph

FundzWatch™ Score

71
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech