Tiger Global Close To Investing $200 Mn In ShareChat At Valuation Of Over $2 Bn

Tiger Global Close To Investing $200 Mn In ShareChat At Valuation Of Over $2 Bn

SUMMARY

Reports in January claimed that Google would be leading the Series E round in ShareChat

Singapore-based venture fund Temasek is also said to be discussing a potential investment

The platform claimed 166% spike in its monthly active users base last year from 60 Mn in April to 160 Mn in November

Bengaluru-based social media startup ShareChat is close to raising funding from Tiger Global in its Series E round, which could value the startup at $2 Bn. While speculation about a new funding round for ShareChat has been making the rounds since early this year, the latest reports suggest the valuation would be 2x what had been claimed earlier.

Reports in January claimed that Google would be leading the Series E round in ShareChat with an investment of $100 Mn in a $200 Mn round. Now, Moneycontrol claims that Tiger Global will lead a $200 Mn round with one-third of the funding amount being poured in by the marquee VC. Singapore-based venture fund Temasek is also said to be discussing a potential investment, which is likely to be announced after the Tiger Global round.

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