ShareChat, a Bengaluru-based social media company, said it raised $40 million in Pre-Series E round. It said the new round of funding had significant investment from Dr. Pawan Munjal, DCM Shriram Promoters Family Office, SAIF Partners, Twitter, Lightspeed Ventures and India Quotient. This current round of funding will be utilised towards driving growth for Moj, the newly launched short video platform, it added.

— The Economic Times

IndusLaw advised Mohalla Tech Private Limited, operating as ShareChat, led by a team of partner Manish Gupta and partner Anubha Sital and including and senior associate Chitvan Bakshi and associate Rashi Singh.

Lightspeed entities were represented by Gunderson and its team including lawyers Jolyn Ang and Jonathan C Pentzien.

IQ (India Quotient) entities were represented by Novo Juris and a team of lawyers Sharda Balaji and Sona Malhotra.

Twitter was represented by Khaitan & Co, led by partner Sharad Moudgal, senior associate B N Vivek and associate Aarthi Sashikumar.

Other investors were represented by their in-house teams.

2020-10-01

Deal value: $40m

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.