Funding round
ShareChat Growth
Reported as "Growth Equity"
ShareChat, which works in social networking platform development in Bengaluru, raised $502M in a Growth round announced on 8 Apr 2021, at a $2.10B post-money valuation. 8 firms took part. It is ShareChat's seventh venture round on record; the one before was a Series E in Sep 2020.
$502M
Amount raised
$2.10B
Post-money valuation
$1.60B pre-money
8
Investors
no lead named
3.2x
Step-up from the Series D
$650M in Aug 2019
24%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $2.10B after the new money, 3.2 times the $650M of its Series D (Aug 2019). The $502M bought investors about 24% of the company. It came 7 months after ShareChat's Series E. It is 33% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 3 months later: a Series F round of $145M in Jul 2021, at $2.88B 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 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 this round 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
8 firms took part; no lead investor was named.
Investors
- Tiger Global backs 391 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Snap Inc new investor
- Twitter Inc new investor
- Xiaomi cvc new investor
- backs 36 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- X cvc new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 8.4 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| G42 Tech Companies | 14 Apr 2021 | $800M | not disclosed | Silver Lake |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Druva Tech Companies | 19 Apr 2021 | $147M | $2.00B | La Caisse |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Keyfactor Tech Companies | 15 Apr 2021 | $125M | not disclosed | Insight Partners |
| Medable Tech Companies | 20 Apr 2021 | $78M | not disclosed | Sapphire Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did ShareChat raise in its Growth round?
ShareChat raised $502M in its Growth round, announced in Apr 2021.
Which investors took part in ShareChat's Growth round?
Tiger Global, Lightspeed Venture Partners, Snap Inc, Twitter Inc, Xiaomi cvc and Shunwei Capital and 2 more.
What was ShareChat's valuation at the Growth round?
$2.10B post-money ($1.60B pre-money).
How does it compare with other Growth rounds in Tech Companies?
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 8.4 times the median.
Did ShareChat raise again after this round?
Yes: a Series F round in Jul 2021 of $145M at $2.88B post-money.