ShareChat valued at $2.1 billion in $502 million fundraise

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ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week.

The Indian social network said it has raised $502 million in a new financing round led by Tiger Global that valued the ShareChat at $2.1 billion.

The startup began engaging with investors for the new financing round about 10 months ago, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.

This is a developing story. More to follow…

Author: Manish Singh

Source: Manish Singh.” ShareChat valued at $2.1 billion in $502 million fundraise”. Retrieved From https://techcrunch.com/2021/04/07/sharechat-valued-at-2-1b-in-502-million-fundraise/

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