Mohalla Tech scores $266 million at $3.7 billion valuation
ADVERTISEMENT
Funding for Indian startups continues unabated amid rising consumer appetite for tech-powered products and services. Mohalla Tech, the parent company behind Moj and ShareChat, on Thursday announced that it has raised a fresh $266 million in funding led by Alkeon Capital at a valuation of $3.7 billion. This is the third investment garnered by the company in the current year, taking its 2021 fund tally alone to a staggering $913 million.
The series G financing has also been backed by a clutch of other new and existing investors including Temasek, Moore Strategic Ventures (MSV), Harbourvest and India Quotient. The funding comes less than five months after the startup bagged $145 million from investors at a valuation of $2.88 billion.
So far, investors have infused over $1.18 billion into the company.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
Founded in 2015, Mohalla Tech’s strategy is to widen its suite of products and features in the short video and social media spaces that are resonating well with Indians, especially the Gen Z and millennials. The idea is to create immersive social experiences for users. The company has been building on its AI (artificial intelligence) and ML (machine learning) teams to power its tech capabilities. The firm claims that its short-video platform Moj scores over 4.5 billion daily views. Moj and Indic language social media platform ShareChat jointly have a monthly active user base of 340 million.
Mohalla Tech will deploy the fresh capital to further bolster its AI and ML teams and build social and live commerce capabilities. “With social and live commerce initiatives, the company hopes to reach a target of $100 million annualised creator earnings by the end of 2023,” the company said in a statement.
According to market research firm RedSeer Consulting, short-form video contributes about 7% of overall time spent on content. Indian short video platforms have been able to establish a strong base beyond the top 50 cities, suggest experts. In fact, analysts at RedSeer estimate the short-form video sector to lead the internet economy in tier two cities and beyond. Top three local players Moj, Josh and MX Takatak are estimated to have doubled their count of monthly active users the last one year, the firm said in an October report.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.