ShareChat close to joining India’s unicorn club with Series E funding

Social media startup ShareChat is close to raise funds from tech giants such as Google, Snapchat maker Snap Inc and existing investor Twitter, as India’s homegrown social media market continues to attract major investments. After the investment ShareChat would have joined the unicorn club.

Google is looking to invest more capital from the $10 bn Google For India Digitization fund, through which it said it would invest in Indian startups and as stated by TechCrunch, Google would invest over half of the $200 mn in the Series E round. Till date, the company has raised $222.8 mn in eight funding rounds latest being in August 2020.

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