Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
ShareChat owner Mohalla plans $19.1 M ESOP buyback
Mohalla Tech, which operates social media app ShareChat and short video app Moj, has announced its maiden ESOP buyback program worth USD 19.1 million (about INR 140 crore). The company had recently raised over USD 500 million, taking its valuation to USD 2.1 billion. Mohalla Tech will be the sole buyer in this buyback process. All eligible employees can sell up to 100% of their vested ESOPs at its present stock valuation.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.