ShareChat's valuation dropped below $2 billion after a new funding round

ShareChat's valuation drops below $2B after new funding round. Existing investors, including Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, contributed to the new round. It did not disclose the valuation at which the funds were raised.

Social media startup ShareChat's valuation drops below $2 billion from nearly $5 billion in new funding round. Source: Source familiar with the social media startup's valuation has cratered below $1 billion. ShareChat is valued at around $2.5 billion, a source says.