ShareChat
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ShareChat - overview
Established
2015
Location
Bangalore, Karnataka, India
Primary Industry
Internet
About
Based in Bangalore, India and founded in 2015, Mohalla Tech Pvt. Ltd. , operates as a parent company of ShareChat, a social media platform that allows users to express and share content. The company was co-founded by Ankush Sachdeva, Farid Ahsan, and Bhanu Pratap Singh.
In 2019, Mohalla Tech Pvt. Ltd. acquired Transversal Tech, owner of a video-sharing application Clip and in 2020, the company acquired Memer, a meme-sharing application, and Elanic, a social commerce platform. Mohalla Tech Pvt.
Ltd. raised funding from investors including Xiaomi, Twitter, Tiger Global Management, Shunwei Capital, Snap Inc. , SAIF Partners, and Lightspeed Venture Partners in 2021. In August 2024, ShareChat raised USD 16 million in venture debt from investor EDBI.
The company works with application users, by offering a social media and content solution. The online platform allows users to share opinions, record short videos, create posts, browse news, listen to songs, and check fashion tips. The company plans to use August 2024 funding to develop new features to further monetize its creators platform.
Current Investors
India Quotient, Elevation Capital, Lightspeed Venture Partners
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform
Website
www.sharechat.com
Verticals
Mobile Apps, Social Media
Total Amount Raised
Subscriber access only
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