ShareChat raises $100 million in funding round led by Twitter

With the latest funding, ShareChat has now raised about $224 million

e4m by exchange4media Staff
Updated: Aug 16, 2019 8:57 AM
Sharechat

Regional language social networking platform ShareChat has raised $100 million in Series D funding led by Twitter with participation from private equity firm TrustBridge Partners, the company said in a press release.

With the latest funding, ShareChat has now raised about $224 million and plans to strengthen the technology infrastructure for its platform as the company looks to scale its business, the Bengaluru-based startup has said.

“This is a very exciting time for us at ShareChat as we see our platform growing rapidly. With this new round of funding, we are positioned to take the next leap in our growth story. As we scale up, our focus remains to help the ShareChat community better express themselves in the comfort of their native language,” Ankush Sachdeva, CEO, ShareChat, was quoted as ​saying.

Other existing investors of the company include Shunwei Capital, India Quotient and Morningside Venture Capital.

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