Snapchat Among Backers Of Indian Social Media Platform In $502M Funding Round

By Rachit Vats3 days ago

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Snapchat parent company Snap Inc (NYSE: SNAP) and Twitter Inc (NYSE: TWTR) participated in a $502 million funding round for Indian content sharing platform ShareChat, the latter said in a statement Thursday.

What Happened: The Bengaluru-based startup said Tiger Global Management LLC, Lightspeed Venture Partners participated in the funding round that valued the business at $2.1 billion — alongside Snap and Twitter.

“We are at a significant inflection point in our company’s journey — as the internet penetration further deepens in India we are well-positioned ...

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