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India’S Sharechat Raises $266M Led By Us-Based Alkeon Capital

Dec 16, 2021•over 3 years ago

Amount Raised

$266 Million

Delhi

Description

Indian content-sharing platform ShareChat on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion.

Company Information

Company

Share Chat

Location

Delhi, Delhi, India

About

Happy to share that we have concluded our ~$650mn Series F round raising additional capital from Temasek, Moore Str… https://t.co/lEvfvMSgG6— Ankush Sachdeva (@AnkushSach) 1627360908000The latest funding round was led by Temasek and Moore Strategic Ventures, with participation from a fund jointly set up by Mirae Asset and South Korean web portal Naver Corp, ShareChat said in its statement. "Investments raised this year including this additional capital infusion will help the company double down (on) its strategic priorities," ShareChat said. ShareChat has 180 million active users. ShareChat has no immediate IPO plans and the company for now will focus on expanding its current business and offerings, a source familiar with the strategy said.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech