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ShareChat raises $145 mn from Temasek, others at near $3 bn valuation

27 July 2021

ShareChat has raised $145 million in fresh funding, giving it a valuation of $2.88 billion.

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Indian content-sharing platform ShareChat has raised $145 million in fresh funding from Singapore's Temasek Holdings and two other investors, giving it a valuation of $2.88 billion, the company told Reuters on Tuesday.

The funding signals growing fascination for Indian content-sharing and short-video apps that have become popular ever since New Delhi last year banned Byte Dance's TikTok and some other Chinese apps following an India-China border clash.

ShareChat allows users to post content in 15 Indian languages. After TikTok was banned, the Indian firm also launched a similar short-video sharing app named Moj which has since become popular and clocked millions of downloads.

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