ShareChat stated it raised $502 million in contemporary funding from Tiger Global.
Four startups was Unicorns, an organization with valuation of $1 billion or extra, within the first 4 months of 2021. Groww, Meesho, ShareChat and API Holdings grew to become Unicorns after newest spherical of funding valuing all of them above $1 billion or Rs 7,450 crore. India’s main social commerce platform, on Monday introduced that it raised $300 million in contemporary funding led by SoftBank Vision Fund 2 valuing Meesho at $2.1 billion.
Newly based inventory market funding platform Groww on Wednesday raised $83 million led by Tiger Global at a valuation of $1 billion. Started in 2017, Groww has change into considered one of India’s fastest-growing funding platforms, with greater than 1.5 crore registered customers. Groww allows customers to spend money on shares, mutual funds, ETFs, IPOs, and gold in a easy, paperless, and hassle-free method.
Founder of on-line pharmacy agency PharmEasy – API Holding – entered the unicorn membership on Wednesday after it introduced elevating $350 million from Prosus Ventures and TPG Growth valuing the startup at $1.5 billion. New funds will deepen market engagement to over 100K pharmacies and over 20 million sufferers yearly throughout the corporate’s platforms, API Holdings stated in a press launch.
Content-sharing platform ShareChat stated it raised $502 million in contemporary funding from Tiger Global, Snap Inc and a few current buyers comparable to Twitter Inc, valuing it at greater than $2 billion.
The funding was led by US enterprise capital agency Lightspeed Venture Partners and American funding agency Tiger, ShareChat stated in a press release on Thursday.
Tiger Global and Snap, proprietor of well-liked photo-messaging app Snapchat, are new buyers within the Indian platform.
