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Mohalla Tech, parent company of ShareChat & Moj, raises $502 million

Mohalla Tech, parent company of ShareChat & Moj, raises $502 million
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

India generalAnkush sachdevaScott shleiferMohalla techLightspeed venturesTiger globalSnap incIndia quotientஇந்தியா ஜநரல்அங்குஷ் சச்ச்தேவாமொஹல்லா தொழில்நுட்பம்ஒளி வேகம் முயற்சிகள்புலி உலகளாவியஒடி இன்க்இந்தியா மேற்கோள்

5 new unicorns in 4 days! $1 2 bn raised by ShareChat, Gupshup, Cred, Meesho, Groww in 4 days

Updated Apr 08, 2021 | 22:42 IST These four days of April 5-8th, 2021 will always be memorable. Screengrab New Delhi: In these four days, even as India fought a second wave of the coronavirus and feared a shortage of vaccines, five startups gave us something to cheer about. In four straight days, there were 5 new unicorns. And, these five have raised a jaw-dropping $1.2 bn in these four days. Let that sink in. A staggering $1.2 bn raised by five new-age companies in just four days. ShareChat & Moj (parent co: Mohalla Tech) Its raised $502 mn, and hit a valuation of $2,1bn. Its got the biggest cheque out of the five new unicorns. In fact, out of the $1.2bn raised by all the five this week, ShareChat has on its own raised nearly 40% of that. The fundraise was led by Tiger Global, ShareChat s early backer Lightspeed Ventures, Twitter, Snap, and India Quotient.

India generalNew delhiProsus ventuesKunal shahVidit aatreyBeerud shethLalit keshreAnkush sachdevaEishan bansalNeeraj singhSoftbank vision fundDragoneer investment groupCoatue managementMohalla techTiger globalLightspeed ventures

ShareChat s parent company enters coveted unicorn club | Indian Television Dot Com

The company has raised $502 million in its latest round 08 Apr, 2021 - 04:27 PM IST | By indiantelevision.com Team KOLKATA: Mohalla Tech, the parent company of Moj and ShareChat, has become the latest entrant to the coveted unicorn club. The start-up has raised $502 million in its latest round of funding led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient. With the new rounds of investment, its valuation has passed over $2.1 billion. ShareChat CEO & co-founder Ankush Sachdeva said, “We are at an exciting inflection point in our journey, where we are going after a massive opportunity with the right team in place and the backing of long-term investors who have a deep conviction in our mission. With ShareChat & Moj, we are well-positioned to build the largest AI-powered content ecosystem in India.”

West bengalIndia generalRavi mhatreAnkush sachdevaScott shleiferMohalla techLightspeed venturesTiger globalSnap incVenture partnersமேற்கு பெங்கல்இந்தியா ஜநரல்ரவி ம்திறேஅங்குஷ் சச்ச்தேவாமொஹல்லா தொழில்நுட்பம்ஒளி வேகம் முயற்சிகள்

sharechat funding: ShareChat valuation jumps to $2 1 billion with $502 million fundraise

sharechat funding: ShareChat valuation jumps to $2 1 billion with $502 million fundraise
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Ankush sachdeva ankushsachAnkush sachdevaTiger globalTech topஅங்குஷ் சச்ச்தேவாபுலி உலகளாவியதொழில்நுட்பம் மேல்

Mohalla Tech, Gupshup become latest entrants to the unicorn club

Mohalla Tech, the parent of short video app Moj and Indian regional language social media platform ShareChat, as well as conversational messaging platform Gupshup became the latest entrants to the unicorn club this week. While Mohalla Tech raised $502 million at a valuation of a little over $2.1 billion, Gupshup raised $100 million at a valuation of $1.4 billion. The investment in Mohalla Tech was led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter, and India Quotient, among others, the firm said in a statement. Gupshup, which works in the enterprise messaging space, raised funds from Tiger Global as well. The other entrants to the unicorn club were social commerce firm Meesho, online investment firm Groww, fintech firm Cred, and online pharmacy Pharmeasy.

India generalAnkush sachdevaBhanu singhFarid ahsanBeerud shethMohalla techLightspeed venturesTiger globalSnap incIndia quotientஇந்தியா ஜநரல்அங்குஷ் சச்ச்தேவாபானு சிங்பாரித் குசன்மொஹல்லா தொழில்நுட்பம்ஒளி வேகம் முயற்சிகள்