Xiaomi invested $5.8m in social networking app developer ShareChat as part of an $18.2m round that took the startup's overall funding to almost $24m.
India-based social networking app developer ShareChat has raised Rs1.2bn ($18.2m) in a series B round led by a $5.8m investment by consumer electronics manufacturer Xiaomi, VCCircle reported yesterday.
The round also featured private equity firm SAIF Partners, which provided $4.3m according to a regulatory filing, Lightspeed Venture Partners ($2.9m), Shunwei Capital ($2.8m), India Quotient ($2m) and Venture Highway ($260,000).
Founded in 2015, ShareChat has developed a social networking platform for the Android mobile operating system that allows users to chat…
