Snap and existing shareholder Twitter backed a round for the social media platform, which caters to speakers of 15 Indian languages, valuing it at $2.1bn.
India-based multilingual social networking service ShareChat secured $502m in series E funding today from investors including social media operator Snap and microblogging platform Twitter.
Investment firm Tiger Global Management led the round, which included venture capital firm Lightspeed Venture Partners and undisclosed additional backers. It valued the company at $2.1bn and increased its funding to $765m since it was founded in 2015.
ShareChat provides a social media app available in 15 local languages, with more than 160 million monthly users.…
