ShareChat Raises $40 Million In Pre-Series E Round From Pawan Munjal’s Family Office, Twitter, Others

Homegrown content sharing platform ShareChat has announced a $40 million fund raise in a Pre-Series E round from Pawan Munjal, the Chief Executive and Chairman of Hero MotoCorp, and Ajay Shridhar Shriram, Chairman of DCM Shriram. The current round of funding will be utilised to drive growth for the company’s newly launched video platform Moj. ShareChat and Moj together claim to having over 240 million monthly active users currently. In April last year, Twitter led ShareChat’s Series D funding round along with SAIF Partners, Lightspeed Ventures and India Quotient. The trio have also been involved with ShareChat as investors since its early days. ShareChat recorded over 15 million downloads in just 36 hours of the app ban. With the new round, ShareChat’s total funding now stands at $264 million.