Bengaluru social network ShareChat raises ₹27.5 crore
Regional language social networking app ShareChat has raised nearly ₹27.5 crore ($4 million) in Series A round of funding, led by Lightspeed Venture Partners India. Existing investors SAIF Partners and India Quotient along with Venture Highway also participated in the round. Bengaluru-based ShareChat started as a content discovery app for sharing videos, jokes and images on WhatsApp in 2015.