ShareChat valued at $2.1 billion in $502 million fundraise – TechCrunch

ShareChat valued at $2.1 billion in $502 million fundraise – TechCrunch


ShareChat mentioned on Thursday it has raised a brand new financing spherical that values it at over $2 billion, becoming a member of 4 different native startups in achieving the unicorn standing this week.

The Indian social community mentioned it has raised $502 million in a brand new financing spherical led by Tiger International that valued ShareChat at $2.1 billion.

The startup started partaking with traders for the brand new financing spherical about 10 months in the past, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.

ShareChat, which claims to have over 160 million customers, provides its social community app in 15 Indian languages and has a big following in small Indian cities and cities, or what enterprise capitalist Sajith Pai of Blume Ventures refer as “India 2.” Only a few gamers within the Indian startup ecosystem have a attain to this phase of this inhabitants, which because of customers from even smaller cities and villages — referred to as “India 3” — getting on-line has expanded lately.

This can be a growing story. Extra to comply with…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *