• Mohalla Tech is in early talks for a Series H funding with Temasek Holdings and Times Internet Ltd.
• Google might also join the fundraiser.

India's Mohalla Tech Pvt, the company that built ‘Moj’, a short video app and social media platform ShareChat is reportedly seeking to attract fresh funds at a valuation of USD 5 billion.

As per sources, the Bangalore-based start-up is in early talks for the series H round with Temasek Holdings Pte, a Singaporean investor, and Times Internet Ltd., an Indian digital media group, in which the company might raise at least USD 200 million. It is worth mentioning here that Google, owned by Alphabet Inc., is also considering joining in the fundraiser.

Both ShareChat, as well as Moj, focus on content in several Indian languages, distinguishing them from other platforms that cater to India's rapidly increasing English-speaking user base.

Company representatives indicated that discussions are still ongoing and that elements such as financing size may change. Mohalla Tech, Alphabet, and Temasek declined to comment, while a Times Internet spokesperson did not immediately reply to demands for comment.

Notably, Mohalla Tech's valuation would skyrocket because of the funding. According to the company, it raised USD 266 million in December at a valuation of USD 3.7 billion, led by Alkeon Capital with Temasek and other companies joining in.

For those unaware, Mohalla Tech was formed in 2015 and has Snap Inc., Tiger Global, Lightspeed Ventures, and Twitter Inc. among its investors. The firm last month decided to buy MX TakaTak, a short-video platform backed by Times Internet.

According to a press announcement, the combined Moj, as well as MX TakaTak platform, will have 100 million content creators, over 300 million monthly active users, and approximately 250 billion video views every month.

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https://www.moneycontrol.com/news/business/temasek-joining-mohalla-funding-round-at-5-billion-value-8278831.html