India’s Mohalla Tech, known for its social media platform ShareChat and the short-video app Moj, has raised $502 mn from investors led by Lightspeed Ventures and Tiger Global at a valuation of over $2.1 bn. Combined users of the 2015 founded start-up are 280 mn. Snap and Twitter also participated in the latest round. Sharechat, Moj, and other similar platforms have benefitted from the Indian government’s decision to ban several Chinese apps.

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