Google backs India’s ShareChat in $300 mln funding round at $5 bln valuation

ShareChat logos are seen in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

NEW DELHI, May 30 (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s (GOOGL.O) Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters.

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