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ShareChat secures $16m fundraise from EDBI for platform development and expansion.
Indian social media platform ShareChat secures $16m fundraise, bringing its convertible debt round to $65m.
The new investment from EDBI, a Singapore-based global investor, will be used to enhance the platform's advertising technology, introduce fresh monetization features for its creator ecosystem, and expand consumer transaction businesses.
ShareChat, founded in 2015, claims 325 million monthly active users across all its platforms.
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ShareChat asegura una recaudación de fondos de $16 millones de EDBI para el desarrollo y la expansión de plataformas.