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  • Reuters SG

    India's ShareChat raises $145 mln from Temasek, others at near $3 bln valuation

    Indian content-sharing platform ShareChat has raised $145 million in fresh funding from Singapore's Temasek Holdings and two other investors, giving it a valuation of $2.88 billion, the company told Reuters on Tuesday. The funding signals growing fascination for Indian content-sharing and short-video apps that have become popular ever since New Delhi last year banned ByteDance's TikTok and some other Chinese apps following an India-China border clash. ShareChat allows users to post content in 15 Indian languages.