ShareChat raises $40 million in bridge financing: Report

Date posted: Friday 31 July 2020

Regional language social media platform Sharechat has raised $35-$40 million from existing investors in a bridge round as the company looks to replace TikTok with its new short video app Moj. ShareChat’s investors include Lightspeed Venture Partners, Saif Partners, Twitter, TrustBridge Partners, India Quotient and Shunwei Capital.

(ET Tech)