Bengaluru : In a major boost to the regional social media platform ShareChat, Twitter and TrustBridge have partnered to be the two new investors investing $100 million to boost the Indian social media platform.
To date, ShareChat has raised $224 million. Existing investors participating in this round include Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital.
With the $100 million funding to the regional social media platform, ShareChat will be able to strengthen the technology infrastructure for its platform as the company looks to scale it business. To accelerate the internet ecosystem in India, the company will also be introducing more features to make the experience seamless across devices.
Manish Maheshwari, Managing Director of Twitter India said that Twitter and ShareChat are aligned on the broader purpose of serving the public conversation, helping the world learn faster and solve common challenges. This investment will help ShareChat grow and provide the company’s management team access to Twitter’s executives as thought partners, he added.