Dealstreet

Link Legal, Kochhar act as ShareChat raises 26 crore from Lightspeed, SAIF & ors.

Bar & Bench

Messaging app ShareChat has raised Rs. 26 crore from a consortium of investors including Lightspeed Venture Partners, SAIF Partners, India Quotient and VH Capital.

DealLightspeed, SAIF & ors invest in ShareChat
Value26 crore
Deal TypePrivate Equity
SectorIT/Telecom
Law FirmsLink Legal- Lightspeed, SAIF, India Quotient and VH Capital; Kochhar & Co– ShareChat
Partners/HeadsLink Legal – Manish Gupta; Kochhar & Co – Sarika Raichur

The investors were represented by Link Legal India Law Services, through a team led by Partner Manish Gupta along with Associate Shivam Tandon.

Mohalla Tech Private Limited, the developers of ShareChat, was advised by Kochhar & Co, through a team headed by Partner Sarika Raichur along with Associate Karishma Seth.

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

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