Private Equity PE Fund Investments
China's Tencent in talks to invest $100-M in ShareChat's fundraising round
Source Mint (opens in a new tab)
China's Tencent Holdings is in talks to join the ongoing funding round of ShareChat as the social media platform seeks to power the growth of its short video app Moj. The Chinese investor plans to invest USD 100 million in ShareChat through convertible notes.
Earlier this week, ShareChat, operated by Mohalla Tech Pvt. Ltd, was reported to be raising USD 300 million from Google, Temasek and Times Internet at a valuation of approximately USD 5 Billion.