In a week that saw the making of unicorns, short video app Moj and Indic language social media platform ShareChat parent Mohalla Tech joined the club with its latest fundraise of $502 million, valuing the company at a little over $2.1 billion. The investment has been led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient amongst others, the firm said in a statement. This is also the fifth Indian firm to hit the unicorn or $1 billion valuation this week. Others include social commerce firm Meesho, online investment firm Groww, fintech Cred, and online pharmacy Pharmeasy.
sharechat valuation: ShareChat raises $502 million from Snap, Twitter, others; valuation tops $2 billion
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Twitter, Snap back ShareChat in $500M funding round
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ShareChat parent Mohalla Tech raises $502mn; now valued at $2 1bn
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