Funding round
ShareChat Series G
ShareChat, which works in social networking platform development in Bengaluru, raised $266M in a Series G round announced on 16 Dec 2021, led by Alkeon, at a $3.70B post-money valuation. 5 firms took part, 2 of them already investors. It is ShareChat's ninth venture round on record; the one before was a Series F in Jul 2021.
$266M
Amount raised
$3.70B
Post-money valuation
$3.43B pre-money
5
Investors
1 lead
1.3x
Step-up from the Series F
$2.88B in Jul 2021
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $3.70B after the new money, 1.3 times the $2.88B of its Series F (Jul 2021). The $266M bought investors about 7.2% of the company. It came 5 months after ShareChat's Series F. It is 17% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 6 months later: a Series H+ round of $255M in Jun 2022, at $5.00B 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 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 this round 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
Alkeon led the round with 4 other firms. Alkeon and Temasek had backed ShareChat before.
Lead investor
- Alkeon backs 51 venture-backed companies existing investor
Also in the round
- Temasek backs 195 venture-backed companies existing investor
- Moore Strategic Ventures new investor
- HarbourVest backs 37 venture-backed companies new investor
- backs 44 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $225M, and this round was 1.2 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
Sources
Where this comes from
Reported by 7 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ShareChat raise in its Series G round?
ShareChat raised $266M in its Series G round, announced in Dec 2021.
Who led ShareChat's Series G round?
Alkeon led it, with Temasek, Moore Strategic Ventures, HarbourVest and IndiaQuotient.
What was ShareChat's valuation at the Series G round?
$3.70B post-money ($3.43B pre-money).
How does it compare with other Series G rounds in Tech Companies?
12 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $225M, and this round was 1.2 times the median.
Did ShareChat raise again after this round?
Yes: a Series H+ round in Jun 2022 of $255M at $5.00B post-money.