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ShareChat closes $40 Mn pre-Series E round

Shortpedia

Content Team
Image Credit: shortpedia

Vernacular social media platform ShareChat has closed its $40 million pre-Series E round led by existing investors Lightspeed India and SAIF Partners. Pawan Munjal, CEO and Chairman of Hero MotoCorp and Ajay Shridhar Shriram, Chairman, DCM Shriram are the two new investors who pumped in undisclosed sums through their family offices. The fresh proceeds would help ShareChat to ram up its short video app Moj’s positioning.