The remaining $88 million (out of the announced $502 million) is likely to be received by the company in the coming weeks. Tiger led the F2 round with Rs 414-462.5 crore or $56-62 million joined by LightSpeed with an infusion of around Rs 311 crore to Rs 347.05 crore at the higher valuation.Īccording to Fintrackr ’s estimates, ShareChat has been valued anywhere between $1.95 billion to $2.18 billion after the conclusion of the F2 round.Īs of now, ShareChat has mopped up $414 million in the Series F round including $225 million debt. Moving over to the Series F2 round, we see a sharp rise in price per share of around 46% where Tiger Global and Lightspeed collectively poured in Rs 728 crore- Rs 809 crore or $98-109 million. Lightspeed participated in both rounds by investing Rs 656-732.5 crore or around $88-98 million whereas Snap Inc, Gifted Jade Limited and IQ opportunities Fund collectively invested Rs 183 crore to Rs 205 crore or $25-27 million. In the Series F round, the company has raised anywhere between Rs 530 to Rs 592 crore from six investors. Last week, we exclusively reported about Tencent’s participation in ShareChat’s Series E round with a hefty $225 million convertible debt.Īccording to separate regulatory filings, ShareChat has received fresh funds across two new rounds – Series F and F2. However, Entrack r has been decoding it through regulatory filings. Apart from Tiger Global’s participation, it didn’t disclose any other details. ShareChat had joined the unicorn league this month along with five other companies - CRED, Gupshup, PharmEasy, Groww and Meesho. Their collective stake has been diluted from 22.05% to 18.48% in this financing round and it’s worth an estimated $310 million. Meanwhile, the three co-founders of the company-Farid Ahsan, Ankush Sachdeva and Bhanu Pratap Singh-each own a 6.16% stake in the company they co-founded six years ago. FTX raised nearly 2 billion from top investors including Sequoia Capital, Lightspeed Venture Partners and Thoma Bravo, giving it a valuation of 32 billion. Tiger Global, which has had a huge part to play in turning several companies into unicorns this year, including ShareChat, commands a 3.67% stake in the company. It’s worth noting that ShareChat has also allotted preference shares to Twitter in lieu of a $30 million loan it took in 2020.Ĭhina’s Shunwei Capital owns more than 8% of ShareChat whereas Xiaomi has a 6.84% stake. The VC firm has invested $90 million in the recently announced round.Įlevation Capital (formerly SAIF Partners) and Twitter own 12.41% and 10.83% stake in the company respectively. Following the company’s $502 million mega-round, Lightspeed owns a 19.23% stake in the newly minted unicorn, regulatory filings analysed by Fintrackr shows. It also owns the largest stake in desi social networking cum short entertainment platform ShareChat. This is evident in its shareholding in Udaan and Magicpin where it owns 40% and 42.27% respectively. We are excited to bring Zapp to millions of customers in London and beyond this year,” said Zapp, in a statement issued to TechCrunch when asked about the Series A and list of investors.Over the years, Lightspeed has doubled down on its stake in select portfolio companies by infusing large amounts round after round. “We’re relentlessly focused on delighting our customers and generally do not comment on our capital structure. One source tells me that the startup’s Series A is the first deal that consumer-focused partner Sasha Astafyeva has led on Atomico’s behalf since joining the London-headquartered VC firm. In addition to Lightspeed and Atomico, other investors in Zapp include 468 Capital and Burda, alongside notable angels such as Mato Peric, Christopher North (former Amazon UK CEO) and Stefan Smalla (Westwing CEO). Those same sources have also confirmed that Zapp has raised around $100 million in total, including via an earlier seed round. Zapp, one of a number of startups currently battling it out in London and beyond by promising to let you order everyday items on-demand from its own delivery-only stores, has quietly raised a new round of funding from leading VCs, TechCrunch has learned.Īccording to multiple sources, Silicon Valley’s Lightspeed and Europe’s Atomico (the VC firm started by Skype founder Niklas Zennström) have invested in Zapp’s unannounced Series A.

Lightspeed founders