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Funding Alert! ShareChat raises $145 mln from Temasek, valued nearly at $3 billion

The Twitter-backed startup has concluded its $650 million Series F round

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      Indian social media platform Sharechat is now valued nearly at $3 billion after raising an additional $145 million led by Temasek.

      The Twitter-backed startup has concluded its $650 million Series F round, raising additional capital from Temasek, Moore Strategic Ventures and Mirae.

      Earlier in April, the Bengaluru-based firm had raised $502 million in a round led by Tiger Global at a valuation of $2.1 billion. The funding for Indian content-sharing and short-video apps has gone up significantly since last year after ByteDance's TikTok was banned in the country. ShareChat has now raised over $911 million to date,

      ShareChat allows users to post content in 15 Indian languages.

      Ajith Kumar

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