Mohalla Tech's valuation crosses $3.7 billion after it raises $266 million

Since Jan 2021, the company has grown to over 2000 employees and added several new features as it focuses on building its products to be the leader in the Indian short video and social media space

Mohalla Tech, the parent company behind short-video platform Moj and regional social network ShareChat, has raised $266 million as part of its Series G round. At a valuation of $ 3.7 billion, the investment has been led by Alkeon Capital with participation from new and existing investors including Temasek, Moore Strategic Ventures (MSV), Harbourvest and India Quotient. This is the third round of funding for the startup in 2021.  In July this year, the firm’s valuation was $2.9 billion after it raised $145 million as an extension of its Series F.

The latest round of funding will help build deep