ShareChat raises $502 Mn from Snapchat, Twitter & others
Calif., SF, 04/08/2021: Short Video app ShareChat has raised USD 502 million in funding led by Lightspeed Venture Partners and Tiger Global, valuing the social media platform at over USD 2.1 billion.
Snap Inc (which owns Snapchat) and existing investors Twitter and India Quotient, among others, also participated in the funding round in Mohalla Tech, the parent company of ShareChat and short video app, Moj.
Founded in 2015, Mohalla Tech has raised over USD 766 million across six fundraising rounds.
"We are at an exciting inflection point in our journey, where we are going after a massive opportunity with the right team in place and the backing of long-term investors who have a deep conviction in our mission. With ShareChat and Moj, we are well-positioned to build the largest AI-pow...