<article>Mohalla Tech Pvt. Ltd, which operates local language social platform <a style="color: #000080;" href="http://dealstreetasia.com/tag/sharechat" target="_blank">ShareChat</a>, has closed a $4-million round of funding, led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/lightspeed-india" target="_blank">Lightspeed India Partners</a>.</article>

Mohalla Tech Pvt. Ltd, which operates local language social platform <a style="color: #000080;" href="http://dealstreetasia.com/tag/sharechat" target="_blank">ShareChat</a>, has closed a $4-million round of funding, led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/lightspeed-india" target="_blank">Lightspeed India Partners</a>.
The Series A round of funding also saw participation from existing investors, <a style="color: #000080;" href="http://dealstreetasia.com/tag/saif-partners" target="_blank">SAIF Partners</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/india-quotient" target="_blank">India Quotient</a> and <a style="color: #000080;" href="http://dealstreetasia.com/tag/venture-highway" target="_blank">Venture Highway</a>, through VH Capital, the company said in a statement.
In June this year, the Bengaluru-based startup had announced that it had raised $1.35 million in a seed round of funding from SAIF Partners and India Quotient.
The company, founded in 2015 by Farid Ahsan, Ankush Sachdeva, and Bhanu Singh, allows users to create, discover and share content with each other in various vernacular languages. ShareChat is available in six Indian languages including Hindi, Telugu, Malayalam, Marathi, Gujarati and Punjabi.
The company claims that the app has been downloaded 3.5 million times, with around 2 million active users on the platform. It also estimates that 1 million content pieces get shared per day from ShareChat.
The company plans to soon launch Tamil and Bengali languages on its platform that are currently in private beta.
“The fresh round of funds will be employed majorly for going deep into the vernacular ecosystem. Having multi-lingual interfaces is just not enough. We have literally just touched the surface of our target audience. These are early adopters. A lot of work is required on our part to make ShareChat a household brand, digging deep into the userbase, and to bring even more interesting infotainment and utilities for our ever-expanding Indian market,” said Farid Ahsan, Co-founder and CEO, ShareChat.
“ShareChat is poised to be a big problem solver for the largely-ignored mass market of India. The audience definitely needs a product which is relevant to their mindspace and we believe ShareChat balances this need of a content+social discovery platform in the best fashion,” Dev Khare, from Lightspeed India Partners, said.
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<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sharechat-raises-1-35-million-from-saif-partners-india-quotient-47265/" target="_blank">Language app ShareChat gets $1.35m from SAIF Partners, India Quotient</a>
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Mohalla Tech Pvt. Ltd, which operates local language social platform ShareChat, has closed a $4-million round of funding, led by Lightspeed India Partners

India: ShareChat raises $4m from Lightspeed India, existing investors

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India: ShareChat raises $4m from Lightspeed India, existing investors

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