ShareChat raises $40 mn from investors including Pawan Munjal, Twitter

ShareChat, India’s regional social network, has completed its pre-Series E funding round of $40 million. The investment has come from billionaire Pawan Munjal, chairman of Hero MotoCorp Ltd, the country's largest two-wheeler maker, and DCM Shriram Promoters Family Office and social media giant Twitter. The other investors include SAIF Partners, Lightspeed Ventures and India Quotient. With the new round, Bengaluru-based ShareChat’s total funding now stands at  $264 million. 

The funds raised in this round will be used for driving the growth of Moj, the newly launched short video platform from the Sharechat stable. Large parts of the fund have been