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flag ShareChat secures $16m fundraise from EDBI for platform development and expansion.

flag Indian social media platform ShareChat secures $16m fundraise, bringing its convertible debt round to $65m. flag 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. flag ShareChat, founded in 2015, claims 325 million monthly active users across all its platforms.

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