Funding round
ShareChat Series E
ShareChat, which works in social networking platform development in Bengaluru, raised $40M in a Series E round announced on 24 Sep 2020. 13 firms took part, 5 of them already investors. It is ShareChat's sixth venture round on record; the one before was a Series D in Aug 2019.
$40M
Amount raised
Not disclosed
Post-money valuation
13
Investors
no lead named
Valuation
What this round says about the price
ShareChat did not disclose a valuation in this round; its last disclosed one was $650M at the Series D (Aug 2019). It came 13 months after ShareChat's Series D. It is 2.6% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 7 months later: a Growth round of $502M in Apr 2021, at $2.10B 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 this round 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
13 firms took part; no lead investor was named.
Investors
- backs 36 venture-backed companies existing investor
- backs 31 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Twitter existing investor
- Pawan Munjal Family Trust new investor
- DCM Shriram Promoters Family Office new investor
- Hero MotoCorp new investor
- Rainforest Holdings new investor
- backs 8 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- Ajay Shriram new investor
- Pawan Munjal
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
93 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $117M, and this round was 34% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Salsify Tech Companies | 23 Sep 2020 | $155M | not disclosed | Warburg Pincus |
| Patreon Tech Companies | 1 Sep 2020 | $90M | $1.20B | New Enterprise Associates and Wellington Management |
| Tech Companies | 4 Sep 2020 | $82M | not disclosed | HSG |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
| Tech Companies | 6 Oct 2020 | $100M | $1.20B | OMERS Growth Equity |
| Tech Companies | 4 Aug 2020 | $75M | $1.00B | Bessemer Venture Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did ShareChat raise in its Series E round?
ShareChat raised $40M in its Series E round, announced in Sep 2020.
Which investors took part in ShareChat's Series E round?
Lightspeed Venture Partners, SAIF Partners, IndiaQuotient, Twitter, Pawan Munjal Family Trust and DCM Shriram Promoters Family Office and 7 more.
What was ShareChat's valuation at the Series E round?
It was not disclosed; its last disclosed one was $650M at the Series D (Aug 2019).
How does it compare with other Series E rounds in Tech Companies?
93 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $117M, and this round was 34% of the median.
Did ShareChat raise again after this round?
Yes: a Growth round in Apr 2021 of $502M at $2.10B post-money.