ShareChat and short video app Moj parent company Mohalla Tech has raised $266 million at a valuation of US$ 3.7 billion, in its Series G round, led by Alkeon Capital.
This funding will help the company to build deep capabilities on priority areas such as social and live commerce, growing its AI/ML team which is spread across the US, Europe and India.
Ankush Sachdeva, CEO and Co-Founder of Moj and ShareChat said, “Moj and ShareChat have been growing at an explosive pace. Both our products have been leading the market with the highest monthly active user base, a very active creator set and amazing new partnerships to delight our community. This fresh funding will further strengthen our position and help us deliver immersive social experiences to our community.”
The company has over 2000 employees and has added several new features as it focuses on building its products to be the leader in the Indian short video and social media space and is hoping to reach a target of $100 million annualized creator earnings in the next two years.
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