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<ul><li>With the latest investment, the startup’s valuation has gone up to $2.1 billion.</li><li>Earlier, there were talks that Google would also be betting on the social media platform.</li><li><keyword id="3358959" type="PERSON" weightage="20" keywordseo="ShareChat">Sharechat</keyword>’s new funding will be used for its short video platform <keyword id="8678883" type="UNKNOWN" weightage="20" keywordseo="moj">Moj</keyword>, which it had launched in July last year right after TikTok’s ban in India.</li></ul>Indian social media platform ShareChat has raised $502 million from Tiger Global Management and LightSpeed Ventures, while Snap Inc, Twitter and India Quotient, too, participated in the round. With the latest investment, the startup’s valuation has gone up to $2.1 billion. The investment makes ShareChat the fifth Indian tech-startup to be valued by investors at a billion dollars this week and the 9th unicorn of 2021. The regional language social media platform’s new funding round will be used for its short video platform Moj, which it had launched in July last year, right after Chinese short video app TikTok’s ban in India. Currently, ShareChat claims to have over 160 million monthly users while Moj claims to have 120 million monthly active users. “Moj is well-positioned to seize the opportunity presented by the growth of short video in India. We are impressed with the team’s understanding of these rapidly evolving technologies and its ability to execute quickly, and we are excited to partner with them as they continue to build a great company,” said Scott Shleifer, partner at Tiger Global in a statement. The funding comes into the parent company of ShareChat and Moj – Mohalla Tech. The company has now raised a total of $766 million in funding. Earlier, there were <a href="https://www.businessinsider.in/business/startups/news/google-is-reportedly-in-talks-to-acquire-twitter-backed-indian-social-media-startup-sharechat/articleshow/79381248.cms">talks</a> that Google would also be betting on the social media platform. “With this infusion of capital we would continue to aggressively grow our user base, build a world-class organisation in India and the US and further strengthen our creator community, artificial intelligence-powered recommendation engine and platform health,” said Ankush Sachdeva, chief executive officer and co-founder of ShareChat in a statement. The Indian social media platform ShareChat has built a strong base for itself in the country. As a conscious decision, ShareChat isn’t going after the <a href="https://www.businessinsider.in/business/startups/news/sharechat-top-exec-shares-how-the-social-media-startup-is-built-for-bharat-users-which-platforms-of-the-west-lack/articleshow/78359881.cms">first adopters </a>of the internet in India – the English-speaking audience which consumes content similar to the West. Sharechat has a presence in over 15 Indian languages. ShareChat’s Moj has competition from the likes of DailyHunt’s Josh, MX Player, Chingari among others. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/sme-financing-platform-ofbusiness-raises-110-million-from-falcon-edge-capital-valuation-hits-800-million/articleshow/81962626.cms">SME financing platform OfBusiness raises $110 million from Falcon Edge Capital – valuation hits $800 million</a> <a href="https://www.businessinsider.in/business/startups/news/online-investment-platform-groww-is-indias-latest-unicorn-as-it-raises-83-million/articleshow/81952184.cms">Boom! Another unicorn pops up from India as Groww raises $83 million at a billion dollar valuation</a>

ShareChat is this year’s 9th unicorn as it raises over $500 million from Tiger Global, Snap and Twitter

<ul><li>With the India-China border tensions escalating, the Indian government has banned 59 Chinese apps, including popular video sharing platform TikTok.</li><li>In such a scenario, we have compiled a list of similar video sharing apps.</li><li>If you are looking for other Chinese app alternatives, <a href="https://www.businessinsider.in/tech/apps/news/chinese-app-alternatives-here-are-the-alternatives-to-top-chinese-apps/tiktok-/slidelist/76463292.cms">check out our list here</a>.</li></ul>Popular video sharing platform TikTok has been banned by the Indian government along with 58 other Chinese apps. It was one of the most popular social media platforms in the country and had over 120 million monthly active users in the country. TikTok is already being <a href="https://www.businessinsider.in/tech/apps/news/tiktok-ban-now-being-enforced-as-it-stops-working-on-jio-and-airtel-4g/articleshow/76714280.cms">blocked by major telecom providers</a> like Jio and Airtel. It was <a href="https://www.businessinsider.in/tech/apps/news/tiktok-has-been-removed-from-the-google-play-store-and-the-apple-app-store/articleshow/76702533.cms">removed</a> from the Play Store and App Store search results soon after the ban was announced. If you were a TikTok user and are looking for alternative apps, do not worry as there are several apps to choose from. In this list, we will look at some of the top TikTok alternatives. <div type="Article" hostid="261" msid="76696132" title="List of 59 Chinese apps banned in India by Indian government" mstype="2" mssubtype="0"></div> Top TikTok alternatives Chingari Indian video sharing app Chingari has emerged as the top alternative for TikTok and has crossed over 1 million downloads on the Play Store. The app allows users to make and share videos, view news from across the world and play games. It is available in English, Hindi and regional languages like Telugu, Gujrati and Marathi. <a href="https://play.google.com/store/apps/details?id=io.chingari.app&amp;hl=en_IN">Download Chingari</a> from the Play Store. Triller Triller is an AI-powered wherein users can create a video and the auto-editing algorithm takes care of the editing. It comes with over 100 video filters, editing features, video drawings and more. In addition to sharing videos on the platform, the users can also share the videos on Facebook and Twitter. <a href="https://play.google.com/store/apps/details?id=co.triller.droid&amp;hl=en_IN">Download Triller</a> from the Play Store. ShareChat ShareChat is an Indian multilingual social networking app that offers content in as many as 15 Indian languages. The app allows users to make and share videos, share WhatsApp status, watch funny videos and more. It also has a chatroom feature that allows users to make a chatroom and meet new friends. <a href="https://play.google.com/store/apps/details?id=in.mohalla.sharechat&amp;hl=en_IN">Download ShareChat</a> from the Play Store. Roposo Roposo is an Indian short video sharing platform developed by InMobi and has crossed over 5 million downloads on the Play Store. It is available in multiple regional languages and allows users to create and share short videos, share WhatsApp status and more. <a href="https://play.google.com/store/apps/details?id=com.roposo.android&amp;hl=en_IN">Download Roposo</a> from the Play Store. Mitron The <keyword id="9295797" type="UNKNOWN" weightage="20" keywordseo="mitron-app">Mitron app</keyword> rose to fame soon after its launch and crossed 5 million downloads. The app has had its fair share of controversies and was even alleged to be a clone of a Pakistani app. The app is back again and reportedly has over 1.2 crore monthly active users. <a href="https://play.google.com/store/apps/details?id=com.mitron.tv&amp;hl=en_IN">Download Mitron</a> from the Play Store. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/chinese-uc-browser-app-alternatives-google-chrome-firefox-opera-edge-and-more/articleshow/76724409.cms">Top UC Browser alternatives from Google, Samsung, Opera and others</a> <a href="https://www.businessinsider.in/tech/apps/news/top-chinese-camscanner-app-alternatives-adobe-scan-microsoft-office-lens-google-drive-and-more/articleshow/76721925.cms">Top CamScanner alternatives for Android to help you scan documents on the go</a> <a href="https://www.businessinsider.in/tech/apps/news/twitter-is-flooded-with-memes-on-tiktok-pubg-mobile-and-popular-youtuber-carryminati/articleshow/76704537.cms">TikTok ban results in hilarious memes on Twitter but users wonder why PUBG Mobile escaped the ban</a>

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ShareChat is this year’s 9th unicorn as it raises over $500 million from Tiger Global, Snap and Twitter

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