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Sunday, September 19, 2021

ShareChat valued at $2.1B in $502 million fundraise – TechCrunch

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ShareChat said on Thursday it has raised a new financing round that values it at $2 billion, joining four other local startups in attaining the unicorn status this week.

The Indian social network said it has raised $502 million in a new financing round led by Tiger Global that valued the ShareChat at $2.1 billion.

The startup began engaging with investors for the new financing round about 10 months ago, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.

This is a developing story. More to follow…

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