ShareChat closes $520 million round at $5 billion valuation – Times of India

NEW DELHI: In a multi-tranched funding round, ShareChat has raised $255 million from Google, Times Group and existing investors at $5 billion valuation, adding to the $266M raised earlier in December 2021.
Since 2021, ShareChat has cumulatively raised $1.2 billion and acquired MX TakaTak.
In the first part of the round, ShareChat had raised US$266 million in December from Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures, and India Quotient.
In the final tranche of this round, post the acquisition of MX TakaTak, ShareChat added Google and Times Group as new investors while Temasek participated yet again, adding $255 million.
ShareChat, which achieved unicorn status last year, has collectively raised $913 million in 2021, the highest funding among all companies that became unicorns during the year.
ShareChat (Mohalla Tech) runs India’s largest short video platforms, Moj and TakaTak, besides the ShareChat app, which together cater to over 400 million users.