The umbrella firm of India-based ShareChat, Mohalla Tech has raised $300 million in its latest funding round bringing it to a valuation of $5 billion.
- Mohalla Tech is a software solution-providing firm focusing on designing and developing platforms for sharing quotes, videos, images, and news in India.
- The firm currently has over 180 million active users with a 300 million cumulated user base from Moj and MX TakaTak, its recent acquisition.
- It last raised $266 million from Alkeon Capital and Temasek in 2021.
- The new funding was received from Alphabet Inc's Google, Times Group, and Temasek Holdings, its existing investor.