ShareChat closes $40 million in Pre-Series E to aid short video platform Moj

Large parts of the fund have been earmarked for doubling down on investments made towards product development, growing creator ecosystem & establishing partnerships with music labels

e4m by exchange4media Staff
Updated: Sep 25, 2020 10:59 AM
ShareChat

ShareChat has announced the completion of its Pre-Series E round of US$40 million. This current round of funding will be utilised towards driving growth for Moj, the newly launched short video platform from the Sharechat stable.

Large parts of the fund have been earmarked for doubling down on investments made towards product development, growing its creator ecosystem and establishing partnerships with music labels.

Commenting on the new funding, Ankush Sachdeva, CEO & Co-founder, ShareChat said, “ShareChat is on a rapid growth path and is spearheading the growth of the Indic language Indian social media landscape. Our short-video platform Moj has been on an explosive growth trajectory since its launch. This funding will help us further invest into our product development, ML capabilities and helping the creator community.”

“ShareChat and Moj together form one of the largest content ecosystems in the country, offering a great experience to the users and enabling brands to engage with the audience deeply. We extend our gratitude to every investor, partner and team-member who has been a part of our growth story,” added Sachdeva.

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