Moj & Sharechat Raise Additional US$145 Million in Series F Funding
News Desk, News Nation 360 : Mohalla Tech, the parent company behind Moj and ShareChat, has raised US$145 million as an extension of Series F. At a valuation of US$2.88 billion, the investment has been led by Singapore state investor Temasek, Moore Strategic Ventures (MSV) and Mirae-Naver Asia Growth Fund which is jointly set up by Mirae Asset and South Korean web portal Naver Corp. This is an additional investment beyond the US$502 million raised in April this year. Commenting on the latest funding round, Ankush Sachdeva, CEO & Co-founder, Moj and ShareChat said that this additional investment for Series F is a validation of their market leadership and a reflection of investor trust in their execution capabilities. They are immensely proud of what they have been able to achieve with Moj and ShareChat in the last 12 months. They have been very fortunate to attract a bunch of very high-quality names in their series F and the list just got longer with Temasek, MSV and Mirae-Naver joining hands with them. Investments raised this year including this additional capital infusion will help the company double down its strategic priorities of building best in class AI Feed, attracting and incentivising diverse creator base and amplifying platform health and safety. The company has hired senior executives in the AI/ML spaces in recent months in the UK and the US and continues to aggressively look for more senior talents in this space.
Report : Anustup Kundu