NEW DELHI: Content-sharing platform ShareChat<\/a> on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital<\/a> and some existing investors, pushing its valuation to $3.7 billion. 共享平台ShareChat周四表示,它已经筹集了2.66亿美元的新资金来自美国基于Alkeon资本和一些现有投资者,推动其估值为37亿美元。 新德里:共享平台ShareChat周四表示,它已从美国筹集了2.66亿美元的新资金Alkeon资本和一些现有投资者,推动其估值为37亿美元。
The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings<\/a> and Moore Strategic Ventures, among others, the company said in a statement.
Reuters is first to report the fund raising.
ShareChat raised $145 million in July from Temasek and others at a valuation of around $3 billion.
Indian content-sharing and short-video apps have become popular since New Delhi last year banned ByteDance<\/a>'s TikTok and some other Chinese apps following an India-China border clash.
ShareChat - which has 180 million active users - allows users to post content in 15 Indian languages. After TikTok was banned, the Indian firm also launched a similar short-video sharing app named Moj<\/a> which has 160 million users and counts Meta Platforms Inc<\/a>'s Instagram Reels<\/a> as its key rival.
\"Both our products have been leading the market ... This fresh funding will further strengthen our position and help us deliver immersive social experiences,\" Ankush Sachdeva, ShareChat's CEO, said in a statement.
The company will also use the funds to develop its apps' artificial-intelligence capabilities, it said.
Social media and video-sharing apps in India have been sought after by investors who want to cash in on India's radpily growing base of internet and smartphone users. Indian consumers - both in urban and rural areas - are increasingly consuming digital video content through apps or streaming platforms.
ShareChat said in its statement that users of its Moj app spent an average 34 minutes every day consuming video content.
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ShareChat提出2.66亿美元的估值为37亿美元
新的投资,今年ShareChat第三轮融资的一部分,是由Alkeon,看到从新加坡的参与淡马锡控股公司和摩尔的战略投资,该公司在一份声明中说。
路透社是第一个报告了融资。
ShareChat筹集了1.45亿美元7月淡马锡和其他人的估值约30亿美元。
印度的内容共享和视频应用已经成为流行的自去年新德里禁止ByteDanceTikTok和一些中国其他应用程序在中印边境冲突。
“我们的产品引领市场…这个新的资金将进一步加强我们的立场,帮助我们提供身临其境的社会经历,“Ankush Sachdeva, ShareChat的CEO,在一份声明中说。
该公司还将使用这笔资金来开发应用的人工智能功能。
社会媒体和视频分享应用在印度受到投资者追捧想利用印度radpily基础互联网和智能手机用户的增长。印度消费者——在城市和农村地区——正越来越多地使用数字视频内容通过应用程序或流媒体平台。
ShareChat在其声明中表示,其Moj应用的用户每天平均花费34分钟消耗的视频内容。
NEW DELHI: Content-sharing platform ShareChat<\/a> on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital<\/a> and some existing investors, pushing its valuation to $3.7 billion.
The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings<\/a> and Moore Strategic Ventures, among others, the company said in a statement.
Reuters is first to report the fund raising.
ShareChat raised $145 million in July from Temasek and others at a valuation of around $3 billion.
Indian content-sharing and short-video apps have become popular since New Delhi last year banned ByteDance<\/a>'s TikTok and some other Chinese apps following an India-China border clash.
ShareChat - which has 180 million active users - allows users to post content in 15 Indian languages. After TikTok was banned, the Indian firm also launched a similar short-video sharing app named Moj<\/a> which has 160 million users and counts Meta Platforms Inc<\/a>'s Instagram Reels<\/a> as its key rival.
\"Both our products have been leading the market ... This fresh funding will further strengthen our position and help us deliver immersive social experiences,\" Ankush Sachdeva, ShareChat's CEO, said in a statement.
The company will also use the funds to develop its apps' artificial-intelligence capabilities, it said.
Social media and video-sharing apps in India have been sought after by investors who want to cash in on India's radpily growing base of internet and smartphone users. Indian consumers - both in urban and rural areas - are increasingly consuming digital video content through apps or streaming platforms.
ShareChat said in its statement that users of its Moj app spent an average 34 minutes every day consuming video content.
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