ShareChat Raises $502 Million From Snap, Twitter; Valuation Tops $2 Billion

The funding was led by US venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said.

Content-sharing platform ShareChat said it has raised $502 million in fresh funding from Tiger Global, Snap Inc and some existing investors such as Twitter Inc, valuing it at more than $2 billion. The funding was led by US venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said in a statement on Thursday. Tiger Global and Snap, owner of popular photo-messaging app Snapchat, are new investors in the Indian platform. The funding signals growing investor interest in Indian social media apps that are looking to tap into pent-up demand after New Delhi banned dozens of Chinese apps, including ByteDance's TikTok, following an India-China border clash last year.