ShareChat talks investors’ language

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Aconsortium of investors comprising Lightspeed Venture Partners, SAIF Partners, India Quotient and VH Capital has invested ₹260 million (US$3.8 million) in Mohalla Tech, which operates ShareChat, a platform that allows users to chat and share posts in their regional languages.

ShareChat will use the funds to extend the app’s reach to smaller cities for people to communicate in Bengali, Tamil, Oriya, Bhojpuri and other languages.

Speech_bubbles,_colourful_chat,_many_peopleA portion of the funds will also be used to recruit developers and strengthen the company’s technology team.

Link Legal India Law Services advised the investor consortium. The team was led from Delhi by partner Manish Gupta with assistance from associate Shivam Tandon.

Kochhar & Co Delhi-based partner Sarika Raichur and associate Karishma Seth acted for the company and its founders.