ShareChat said it raised $ 502 million in fresh funding from Tiger Global.

Four startups turned into Unicorns, a company with valuation of $ 1 billion or more, in the first four months of 2021. Groww, Meesho, ShareChat and API Holdings became Unicorns after latest round of funding valuing all of them above $ 1 billion or Rs 7,450 crore . India’s leading social commerce platform, on Monday announced that it raised $ 300 million in fresh funding led by SoftBank Vision Fund 2 valuing Meesho at $ 2.1 billion.

Newly founded stock market investment platform Groww on Wednesday raised $ 83 million led by Tiger Global at a valuation of $ 1 billion. Started in 2017, Groww has become one of India’s fastest-growing investment platforms, with more than 1.5 crore registered users. Groww enables users to invest in stocks, mutual funds, ETFs, IPOs, and gold in a simple, paperless, and hassle-free manner.

Founder of online pharmacy firm PharmEasy – API Holding – entered the unicorn club on Wednesday after it announced raising $ 350 million from Prosus Ventures and TPG Growth valuing the startup at $ 1.5 billion. New funds will deepen market engagement to over 100K critical and over 20 million patients annually across the company’s platforms, API Holdings said in a press release.

Gupshup, conversational messaging application, on Thursday raised $ 100 million in funding from Tiger Global Management, propelling the company’s valuation to $ 1.4 billion. This funding will be followed by a second close with significant additional funds raised from more investors, to be announced later, the company said in a press release.

Content-sharing platform ShareChat said it raised $ 502 million in fresh funding from Tiger Global, Snap Inc and some existing investors such as Twitter Inc, valuing it at more than $ 2 billion.

The funding was led by US venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said in a statement on Thursday.

Tiger Global and Snap, owner of popular photo-messaging app Snapchat, are new investors in the Indian platform.


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