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ShareChat, Moj raise Rs 3,726 crore, join unicorn club

zeenews.india.com
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Mohalla Tech, the parent company of leading short video app Moj and vernacular social media platform ShareChat, on Thursday said it has raised $502 million (about Rs 3,726 crore) in its Series E funding round, taking the valuation to a little over $2.1 billion.
New Delhi:

The latest investment round was led by Lightspeed Ventures and Tiger Global, along with participation from Snap, Twitter and India Quotient and others.

Founded in 2015, Mohalla Tech has successfully raised over $766 million across six fundraising rounds, enabling ShareChat to substantially grow and differentiate itself by delivering a unique, tech-led social media experience.

Moj, which was launched in July last year, has made huge strides towards leadership in the short video space.

Moj and ShareChat together have a 280 million-strong user community, according to the company.

"With…
IANS
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