Other Private Equity/Strategic Investments
Times Internet invests $60-M in social media unicorn ShareChat
Social media Unicorn ShareChat is raising around $60.5 million (INR 461.3 Cr) from Times Internet. Post this investment, Times Internet will hold around 4% in Mohalla Tech Private Limited, the parent company of both ShareChat and Moj. This is an extension of the USD 266 million Series G round that ShareChat had raised in December from Alkeon Capital, Moore Strategic Investments, among others at a $3.7 Billion valuation. ShareChat counts investors such as social media giants – Snapchat & Twitter, Lightspeed Venture, Temasek, Tiger Global, Moore Strategic Ventures, Harbourvest, among others, as its investors.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
