Tuesday, November 5

Tag: Shunwei Capital

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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Online Lending Platform LoanTap Raises $6.25 Million Funds
5Jul By Gauri SinghNo Comments
FUNDING

Online Lending Platform LoanTap Raises $6.25 Million Funds

Online lending platform ‘LoanTap’ has successfully secured an amount of $6.25 million (Rs 42.83 crore) in an equity funding round. The round was led by Shunwei Capital, which is a Beijing-based venture capital firm. Apart from Shunwei Capital, the funding round also witnessed the participation of Tuscan Ventures (Mumbai-based private investment company) and Ashish Goenka (owner of Suashish Diamonds) along with existing investors such as India Quotient and Kae Capital. “Our plan is to leverage the Rs 40 crore that we have raised by four to five times to source around Rs 200 crore from lending institutions, which will be used to lend out to more consumers,” said Satyam Kumar, co-founder of LoanTap. Founded in 2016 by Satyam Kumar and Vikas Kumar, the fintech firm LoanTap offers several ...
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