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New Deal


Announced

Completed

Google and Times Group led a $255m Series H funding round in ShareChat.

Financials

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Transaction Value£207m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Minority

Cross Border

Friendly

Acquisition

Online and Social Platforms

social media

India

Private Equity

social networking service

Synopsis

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Google, an American multinational technology company, and Times Group, an Indian media conglomerate, led a $255m Series H funding round in ShareChat, an Indian homegrown social media company, with participation from Temasek. "We are excited to announce the closing of our funding round and adding Google and The Times Group to our cap table. We are also happy and grateful to see Temasek reaffirming its faith in us for the third time in a year. Despite strong headwinds, it is reassuring to see investor confidence in ShareChat’s efforts and potential to grow further. Over a year ago, we turned unicorn, and since then, we have been scaling and innovating at an exhilarating pace, further refining our offerings and expanding our operations. The coming year will be about capitalizing on the scale and building robust revenue models," Ankush Sachdeva, ShareChat CEO & Co-Founder.

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