PE Fund Investments
ShareChat raises $78-M at $4.9 B valuation from Google, Temasek
Regional language-based social media unicorn ShareChat has raised USD 78 million as part of its Series H funding round at a valuation of about USD 4.9 Billion, from Google's investment arm and existing investor Temasek. ShareChat's parent company Mohalla Tech, which has also launched a short video service Moj, has allotted 1,501 Series H CCPS (compulsorily convertible preference shares) at an issue price of INR 40,44,944 a piece for INR 607 crore in cash. Google led the round with INR 405 crore, while Temasek invested INR 202 crore. Post the round, Google will hold a little over 1% stake in Mohalla Tech, while Temasek will hold about 2.64%. The firm may raise more funds as a part of Series H funding round.
From the Venture Intelligence PE-VC Deal Database: Between October 2015 and February 2022, ShareChat raised USD 1,343.51 million from Tencent, Temasek, India Quotient, HarbourVest, Moore Strategic Ventures, Alkeon Capital, Mirae Asset Global Investments, Tiger Global, Lightspeed Ventures, India Quotient, Shunwei Capital Rebright Partners, Trifecta Capital, Beenext, Munjal Family Office, Elevation Capital, Morningside Ventures,TrustBridge Partners, DST Global, VH Capital, Hillhouse Capital, Xiaomi and Morningside Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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