Bengaluru-based Indian regional language social platform ShareChat has raised close to $100 million (Rs.720 crore) in a funding round that will boost its valuation to $460 million (Rs.3,332 crore). This is a 7x increase to its last valuation when the company raised $18.2 million in Series B funding round from Xiaomi Singapore and its sister company Shunwei Capital at a valuation of $67 million (Rs.431 crore) in January 2018. The company is reportedly looking to go deeper into micro-markets, including the Northeast region before it begins working on monetising its service next year through advertising, influencer marketing, and in-app purchases.

(Inc42)