Mohalla Tech, parent company of ShareChat & Moj, raises $502 million

By Neha Alawadhi3 days ago

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Mohalla Tech, the company that owns short-video app Moj and Indic language social media platform ShareChat, is the latest to join the unicorn club with a latest fundraise of $502 million, valuing the company a little over $2.1 billion.

The investment was led by Lightspeed Ventures and Tiger Global, along with participation from Snap Inc, Twitter and India Quotient amongst others, the firm said in a statement.

“We are at an exciting inflection point in our journey, where we are going after a massive opportunity with the right team in place and the backing of long-term investors who have a deep conviction in our mission. With ShareChat & Moj, we are well-positioned to build the largest AI-powered content ecosystem in India,” said Ankush Sachdeva, CEO and Co-founder, ShareChat.

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