Chinese investors prominent in major financing round

ShareChat, India's leading social media platform, announced Friday that it has raised $100 million in its series D financing, with several Chinese investors joining the round.

The fundraising attracted Chinese private equity firm Trustbridge Partners and social media giant Twitter. Other investors include Lightspeed Venture Partners and SAIF Capital.

Ankush Sachdeva, ShareChat CEO, said the company will focus on helping the ShareChat community better express themselves in their native languages.

Chinese investors have had a significant presence, with Shunwei Capital and Morningside Venture Capital participating in this round and China TH Capital assisting ShareChat as its exclusive financial advisor.

"The diversity and depth of user-generated content has enhanced the stickiness of the product, and will contribute great business value to ShareChat as a platform. We look forward to the next stage in ShareChat's evolution," said Tuck Lye Koh, founding partner and CEO of Shunwei Capital.

ShareChat is one of India's largest social networks, which allows users to share their opinions, record their lives and make new friends. It supports 15 languages including Hindi.