PE Fund Investments
Social media firm ShareChat to raise $300-M from Google, others: report
Bengaluru-based Mohalla Tech, the parent company of social media networking app ShareChat, is close to raising of USD 300 million from search giant Google, Times Group and Singapore's Temasek Holdings. The round reportedly values the unicorn startup at USD 5 Billion. ShareChat claims to have 180 million monthly active users. It was last valued at USD 3.7 Billion in a USD 266 million funding round in which Alkeon Capital and Temasek participated. The firm also counts Twitter and Snap among its investors.
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