ShareChat valued at $2.1 billion in $502 million fundraise – TechCrunch

ShareChat said on Thursday it has raised a model new financing spherical that values it at over $2 billion, changing into a member of 4 completely different native startups obtain the unicorn standing this week.

The Indian social neighborhood said it has raised $502 million in a model new financing spherical led by Tiger World that valued ShareChat at $2.1 billion. Snap and Twitter moreover participated throughout the spherical, said ShareChat.

The startup began taking part with patrons for the model new financing spherical about 10 months up to now, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.

ShareChat, which claims to have over 160 million clients, affords its social neighborhood app in 15 Indian languages and has a giant following in small Indian cities and cities, or what enterprise capitalist Sajith Pai of Blume Ventures refer as “India 2.” Only some players throughout the Indian startup ecosystem have a attain to this part of this inhabitants, which resulting from clients from even smaller cities and villages — often known as “India 3” — getting on-line has expanded in current instances.

This is usually a creating story. Further to watch…

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