Funding round
ShareChat Growth
Reported as "Growth Equity"
ShareChat, which works in social networking platform development in Bengaluru, raised $100M in a Growth round announced on 5 Jun 2018, led by Shunwei Capital and Xiaomi, at a $400M post-money valuation. 8 firms took part. It is ShareChat's third venture round on record; the one before was a Series B in Jan 2018.
$100M
Amount raised
$400M
Post-money valuation
$300M pre-money
8
Investors
2 leads
6.0x
Step-up from the Series B
$67M in Jan 2018
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $400M after the new money, 6.0 times the $67M of its Series B (Jan 2018). The $100M bought investors about 25% of the company. It came 5 months after ShareChat's Series B. It is 6.5% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 3 months later: a Series C round of $99M in Sep 2018, at $460M post-money.
ShareChat's funding rounds
ShareChat has 10 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 24 Nov 2016, led by Lightspeed Venture Partners $4.0M
- Series B 18 Jan 2018, led by Xiaomi and Shunwei Capital $18M$67M post-money
- Growth this round 5 Jun 2018, led by Shunwei Capital and Xiaomi $100M$400M post-money
- Series C 19 Sep 2018, led by Shunwei Capital $99M$460M post-money
- Series D 15 Aug 2019, led by Twitter $100M$650M post-money
- Debt not a venture round 1 Jan 2020 $60M
- Series E 24 Sep 2020 $40M
- Growth 8 Apr 2021 $502M$2.10B post-money
- Series F 27 Jul 2021, led by Temasek, Moore Strategic Ventures and Mirae Asset-Naver Asia Growth Fund $145M$2.88B post-money
- Series G 16 Dec 2021, led by Alkeon $266M$3.70B post-money
- Series H+ 16 Jun 2022, led by GV $255M$5.00B post-money
- Debt not a venture round 15 Apr 2024 $49M
- Debt not a venture round 5 Aug 2024, led by EDBI $16M
Investors
Who put money in
Shunwei Capital and Xiaomi led the round with 6 other firms.
Lead investors
- backs 36 venture-backed companies new investor
- Xiaomi new investor
Also in the round
- Morningside Ventures new investor
- DST Global backs 179 venture-backed companies new investor
- Lightspeed new investor
- backs 31 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- Venture Highway new investor
Comparable rounds
How it compares
192 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 26 Jun 2018 | $200M | not disclosed | Insight Partners |
| Tech Companies | 27 Jun 2018 | $90M | not disclosed | Technology Crossover Ventures |
| Tech Companies | 27 Jun 2018 | $62M | not disclosed | Delta-v |
| Tech Companies | 22 Jun 2018 | $40M | not disclosed | not named |
| Tech Companies | 21 Jun 2018 | $29M | not disclosed | Cota Capital |
| Tech Companies | 18 Jun 2018 | $23M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 25 Jun 2018 | $10M | not disclosed | not named |
| Tech Companies | 12 Jun 2018 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did ShareChat raise in its Growth round?
ShareChat raised $100M in its Growth round, announced in Jun 2018.
Who led ShareChat's Growth round?
Shunwei Capital and Xiaomi led it, with Morningside Ventures, DST Global, Lightspeed, SAIF Partners and IndiaQuotient and 1 more.
What was ShareChat's valuation at the Growth round?
$400M post-money ($300M pre-money).
How does it compare with other Growth rounds in Tech Companies?
192 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 2.2 times the median.
Did ShareChat raise again after this round?
Yes: a Series C round in Sep 2018 of $99M at $460M post-money.