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#FundingAlert: ShareChat raised $145 million, health-tech startup Dozee raised $6 million, and more
Here's a round-up of the latest funding news.
ShareChat raised $145 million in Series F
Mohalla Tech – the parent company of ShareChat and Moj – has raised $145 million led by Singapore’s Temasek and Moore Strategic Ventures.
Regional language social media unicorn ShareChat will be valued at $2.88 billion post the funding round.
The company said the capital will help its plan to double down on its strategic priorities of building best in class AI or Artificial Intelligence feed, attracting and incentivising diverse creator base, and strengthening safety on its social media platform.
MyGlamm raised Rs 530 crore in Series C
The latest funding round of the direct-to-consumer (DTC) beauty brand came from Accel, Bessemer Venture Partners, Strides Ventures, Trifecta and Wipro.
The capital will be used to increase the offline footprint, fund working capital requirements, and support data science and technology research.
The startup’s valuation increased to over $300 million post this funding round.
Swift raised $2.2 million in pre-Series A
The pre-Series A funding round of the Bengaluru-based internet commerce enabler Swift was led by Kalaari Capital.
Founded in 2019, the startup’s commerce platform simplifies online shopping by helping SMEs, and D2C and omnichannel brands run their internet commerce ventures.
Instrucko raised $1 million in pre-Series A
Fundraising for the language learning platform was led by London-based MVK Group and comes after the seed round in December 2020.
The platform specialises in teaching English, French, Spanish, Mandarin, German, Hindi, public speaking and creative writing to children aged 3-15 years.
The latest round will be deployed towards business expansion in India and the Middle East.
Dozee raised $6 million in Series A
The health-tech startup’s funding round was led by Prime Venture Partners and also saw participation from YourNest Venture Capital and 3one4 Capital.
The six-year-old firm – which provides remote health monitoring solutions and devices that track heart health, respiration, sleep quality, and stress levels – has raised a total of Rs63 crore in investments till now.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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