ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week.
The Indian social network said it has raised $502 million in a new financing round — Series E — led by Tiger Global that valued ShareChat at $2.1 billion, up from about $650 million last year. Snap and existing investor Twitter also participated in the round, said ShareChat, which has raised about $765 million to date.
The startup began engaging with investors for the new financing round about 10 months ago, and explored a full buy out deal with Twitter, which didn’t materialize, TechCrunch reported earlier.
ShareChat, which claims to have over 160 million users,