Friday, April 19

Tag: sharechat funding

ShareChat’s Latest Funding Round Brings Seven-fold Rise in its Valuation
20Sep By Gauri SinghNo Comments
FUNDING

ShareChat’s Latest Funding Round Brings Seven-fold Rise in its Valuation

The social platform for regional language known as ShareChat has secured funds amounting to Rs 720 crore ($99 million) in a funding round. The particular round was led by existing backer Shunwei Capital. The other investors that participated in the round included Morningside Ventures of China and Jesmond Holdings, an affiliate of Russian billionaire Yuri Milner’s DST Global. Following this funding round, the valuation of the company will get a boost and will reach to Rs 3,332 crore ($460 million) according to the documents filed with Registrar of Companies. With the funds raised, the company plans to foray deeper in markets like the Northeast, and also start working on monetizing its service next year through activities like advertising, influencer marketing, and in-app transactions....
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ShareChat, India’s First Vernacular Social Network, Raises $1.3 million Seed Funding
14Jul By RishabhNo Comments
FUNDING

ShareChat, India’s First Vernacular Social Network, Raises $1.3 million Seed Funding

Bengaluru-based ShareChat, a vernacular social network received funding of $1.35 million from SAIF Partners. ShareChat was also selected for the second batch of the Google's Launchpad accelerator in Mountain View, California, along with five other Indian startups. The funds will be used for ramping up its tech infrastructure to cater to its constantly growing user base and to reach out to more people across India with a variety of content formats. Founded in October 2015, by IITK Alumni Farid Ahsan, Bhanu Singh and Ankush Sachdeva, ShareChat has built a first-of-its-kind social networking platform for India's vernacular language users, available in four Indian languages Hindi, Marathi, Malayalam and Telugu. The app has hit 1.3 million downloads out of which around 500,000 are a...
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