ShareChat's valuation crosses $5 bn after closing $520 mn funding round

Social media company raises $255 mn from Google, Times Group and existing investors

ShareChat has closed a multi-tranche funding round to raise a total of $520 million at a valuation of $5 billion, said the social media company on Thursday.

In the final tranche, ShareChat had Google and Times Group as new investors. Temasek participated again, adding $255 million. In the first part of the round in December 2021, ShareChat raised $266 million from Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures and India Quotient.

ShareChat, which was valued at $1 billion last year to give it unicorn status, collectively raised $913 million in 2021. It was the highest funding among all companies that