Link Legal India Law Services represented Sharechat, owned by Mohalla Tech Private Limited in raising USD 100 million from a group of private equity investors. The round was led by Shunwei and Xiaomi, which were joined by Morningside, DST, Lightspeed, SAIF Partners, India Quotient and Venture Highway.
Sharechat is a local language social networking app and is one of the hottest consumer internet startups in the country, which has racked up its valuation to $400 million or Rs 2,680 crore - a nearly 5 times jump in its valuation from its previous fund-raise late last year.
Shunwei, Xiaomi and Lightspeed US were represented by Gunderson Singapore and supported by ARA Law. Morningside, SAIF, VH, IQ and DST were represented by their in-house legal teams.
Link Legal represented Sharechat and its founders and the Link Legal team comprised of Mr. Manish Gupta (Partner), Mr. Vinu Peter (Principal Associate), and Ms. Rashi Singh (Associate).