Mirae Asset-Naver Asia Growth Fund was among the investors as the social media and short-form video app developer expanded on a $502m round featuring Tencent and Snap.

ShareChat, an India-based developer of online content sharing platforms, has added $145m to a funding round featuring corporates Tencent and Snap, increasing it to $647m, it told Reuters today.

The latest cash was provided by Mirae Asset-Naver Asia Growth Fund, a joint venture between internet group Naver and financial services provider Mirae Asset, as well as Temasek and Moore Strategic Ventures, valuing the company at $2.88bn.

Internet group Tencent provided $225m of the $502m first close in April this…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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