Funding Alert! ShareChat raises $145 mln from Temasek, valued nearly at $3 billion | Editorji
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Funding Alert! ShareChat raises $145 mln from Temasek, valued nearly at $3 billion

Jul 27, 2021 12:03 IST | By Editorji News Desk

Indian social media platform Sharechat is now valued nearly at $3 billion after raising an additional $145 million led by Temasek. 

The Twitter-backed startup has concluded its $650 million Series F round, raising additional capital from Temasek, Moore Strategic Ventures and Mirae.

Earlier in April, the Bengaluru-based firm had raised $502 million in a round led by Tiger Global at a valuation of $2.1 billion. The funding for Indian content-sharing and short-video apps has gone up significantly since last year after ByteDance's TikTok was banned in the country. ShareChat  has now raised over $911 million to date, 

ShareChat allows users to post content in 15 Indian languages.

Funding Alert! ShareChat raises $145 mln from Temasek, valued nearly at $3 billion

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