ShareChat Parent: Mohalla Tech’s Funding Round to be joined by Temasek at a valuation worth $5 Bn
- ByStartupStory | March 26, 2022
Mohalla Tech, ShareChat’s parent company, is now reportedly seeking to raise fresh funds from a host of marquee investors.
Singapore-based Temasek Holdings, which is an existing investor in the startup, would participate in the Series H round at a valuation of $5 Bn, said sources.
The first to report the story was Bloomberg. The report said that in the coming days, the company could raise another $200 Mn, adding that Times Internet would also participate in the fundraise.
Barely days ago, it had been reported that close to $60.5 Mn in ShareChat in an extended Series G round has been invested by the Gurugram-based Times Internet. People familiar with development also said that Google, tech giant, was also mulling participating in the round.
ShareChat was founded by Ankush Sachdeva, Bhanu Singh and Farid Ahsan in 2015. It has been positioned by ShareChat itself, as an Indian language social media platform, specialising in over a dozen Indic languages in content.
Both ShareChat and Moj, which together have a combined user base of 340 Mn, is operated by Mohalla Tech.
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