ShareChat Closes $520 Million To Reach $5 Billion Valuation The company aims to empower every Indian by providing platforms to share experiences, discover new opportunities, showcase their talents and make their passion a means of livelihood

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


ShareChat, India's homegrown social media company, has announced the closure of its multi-tranche funding round and raised $520 million to reach $5 billion valuation, from Google, Times Group and existing investors. The round also witnessed participation from Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures, India Quotient among others. ShareChat, which achieved unicorn status last year, has collectively raised $913 million in 2021.

"We are excited to announce the closing of our funding round and adding Google and The Times Group to our cap table. Despite strong headwinds, it is reassuring to see investor confidence in ShareChat's efforts and potential to grow further. Over a year ago, we turned unicorn, and since then, we have been scaling and innovating at an exhilarating pace, further refining our offerings and expanding our operations. The coming year will be about capitalizing on the scale and building robust revenue models. We are committed to empower every Indian by providing platforms to share experiences, discover new opportunities, showcase their talents and make their passion a means of livelihood," said Ankush Sachdeva, co-founder and CEO, ShareChat and Moj.

The company has built diversified monetization avenues beyond advertising in areas like virtual gifting and video commerce. Virtual gifting is witnessing an incredible adoption on the ShareChat app, with the business line already at a $50 million ARR, which is set to be more than double by year-end. In 2020, the platform launched Audio Chatrooms as a feature, with 2 billion minutes of audio streamed every month, claimed by the company in a statement.

Founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, ShareChat has several social media brands under its portfolio, such as ShareChat App, Moj and TakaTak. Currently, ShareChat is a popular social media platform that claimed to have more than 180 million monthly active users spread across the country.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics


A Guide to Effective Crisis Leadership — Key Steps to Lead Your Team Through Turbulent Times

The essential strategies and skills required to be a successful crisis leader and guide your organization through difficult times.


Get This 4-in-1 USB-C Charger for Apple Devices for $19.99

Get this useful, lightweight charger for a great price (regularly $29).

News and Trends

Zeron Secures $500,000 In Seed Funding

The infusion of capital will be used towards fueling Zeron's ongoing research and development initiatives, advancing the frontiers of AI-powered cybersecurity, and expanding its global presence

Growing a Business

Want to Sound Smarter? This Stanford Professor's Simple 3-Point Technique Will Help

With a little structure, you can impress audiences with your ad-libbing all day.

Personal Finance

5 Entrepreneurial Mindset Principles That Empower Financial Literacy

Adopting the right mindset is key to financial literacy. Follow these five guiding principles to enhance your understanding of wealth creation and growth.

Business Solutions

Get MS Office for Mac and Rosetta Stone for $199.99 (reg. $518)

Boost your skills and take advantage of these lifetime deals on sale for a limited time.