India’s sharechat is funded by twitter

Sharechat, an Indian content sharing platform, announced on Thursday that it has completed a new round of US $502 million financing, with the participation of Lightspeed venture partners and tiger global, snap (60.23, 3.35, 5.89%) and twitter (68.99, 1.99, 2.97%).

India's sharechat is funded by twitter

The company said the round of financing increased its valuation to more than $2.1bn, making it the latest “unicorn” company in India, adding that it plans to use the funds to increase technological innovation and support user growth.