Google backs India's ShareChat in $300 million funding round at $5 ...
05 November 2024
The parent company of India's ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A deal is set to be announced as early as next week, the sources added. ShareChat's parent company, Mohalla Tech, did not respond to a request for comment. Google and Temasek did not immediately respond to requests for comment, while Reuters could not immediately reach the Times Group.
The parent company of India's ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc's Google, media giant Times Group and Singapore's Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A deal is set to be announced as early as next week, the sources added. ShareChat's parent company, Mohalla Tech, did not respond to a request for comment. Google and Temasek did not immediately respond to requests for comment, while Reuters could not immediately reach the Times Group.
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