ShareChat raises $100 million in Series D funding led by Twitter
ShareChat, a regional social media platform, on Friday announced that it had raised a new round of funding of $100 million in its Series-D funding, where Twitter and TrustBridge Partners are two new investors.
To date, ShareChat has raised $224 million. Existing investors participating in this round include Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital.
This new round of funding will help ShareChat strengthen the technology infrastructure for its platform as the company looks to scale its business. Additionally, ShareChat will acquire talent to help propel the exchange of ideas among its strategic partners. To accelerate the internet ecosystem in India, the company will also be introducing more features to make the experience seamless across devices.