ShareChat Raises $300 Million at $5 Billion Valuation

ShareChat is a social media startup that offers content consumption and sharing platform only in 15 Indian vernacular languages. It is designed to cater to more than 1.17 billion Indian wireless network users. ShareChat’s parent company is Mohalla Tech which also owns Moj, short video app.

Among the funding, round investors were Google, The Times Group, and Temasek Holdings Limited. A recent funding round in 2021 brought ShareChat $266 million at a valuation of $3.7 billion. Other company investors also – Alkeon and Twitter.

ShareChat, Bangalore, India was founded by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan in 2015. Before founding ShareChat, three founders started approximately 10 different projects such as a panorama-based real estate engine. “Our products were technologically good, but we were not solving any real problems,” Ankush Sachdeva, CEO of ShareChat. As of now, ShareChat has more than 180 million monthly active users. Other Mohalla Tech companies Moj and recently acquired MX TakaTak has a common user base of 300 million people. About half of the ShareChat team is working on moderation and engagement with content creators and the community. It has a variety of algorithms that analyzes more than 40 signals to detect fake and pornographic content.

Previous Post

Babel Finance Raises $80 Million at $2 Billion Valuation

Next Post

Motive Raises $150 Million at $2.85 Billion Valuation

Related Posts