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ShareChat earmarks $19.1 Mn for its first ESOP buyback

Shortpedia

Content Team
Image Credit: shortpedia

Mohalla Tech, the parent company of short video app Moj and Indic language social media platform ShareChat, has announced its first employee stock options (ESOP) buyback program worth $19.1 Mn (approximately INR140 Cr). The Bengaluru-based social media startup entered the unicorn club in April with a $502 Mn Series E funding round, taking its valuation to $2.1 Bn.