Moj, ShareChat-parent latest to join Unicorn club, raises $502 million in latest funding round

Mohalla Tech, the parent company behind Moj and ShareChat, is the latest to join India’s Unicorn club. The company said it had raised $502 million in the latest round at a valuation of a little over $2.1 billion.

Lightspeed Ventures and Tiger Global led the latest funding round. Snap Inc, Twitter and India Quotient also participated, according to the company.

“With this infusion of capital we would continue to aggressively grow our user base, build a world-class org in India & US and further strengthen our creator community, AI-powered recommendation engine and platform health,” said Ankush Sachdeva, CEO & Co-founder, ShareChat in a note.