ShareChat Raises $100 Million In Series D Funding From Twitter, Others
ShareChat, a regional language content startup, has raised $100 million in a Series D funding round that saw participation of Twitter Inc. and private equity firm TrustBridge Partners, said parent Mohalla Tech Pvt. Ltd. on Friday.
Existing investors, including Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital also participated in the funding round. ShareChat has now raised a total of $224 million.
"This new round of funding will help ShareChat strengthen technology infrastructure for its platform as the company looks to scale its business. Additionally, ShareChat will acquire talent to help propel the exchange of ideas among its strategic partners," the content startup said.
The company will also be introducing more features to make the experience seamless across devices.
"We are positioned to take the next leap in our growth story. As we scale up, our focus remains on helping the ShareChat community express themselves better in their native language," said ShareChat Chief Executive Officer Ankush Sachdeva.
Commenting on the investment, Twitter India Managing Director Manish Maheshwari said, "Twitter and ShareChat are aligned on the broader purpose of serving the public conversation, helping the world learn faster and solve common challenges."
The funding will help ShareChat grow and provide the company's management team access to Twitter's executives as thought partners, he said.