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OFFON

TWITTER, INC.

(TWTR)
  Report
Delayed Quote. Delayed Nyse - 09/24 04:10:00 pm
67.22 USD   +0.79%
09/24WALL STREET STOCK EXCHANGE : The day after tomorrow
09/23TWITTER : Adds Bitcoin Payments for User Tips
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09/23TWITTER : Bringing Tips to everyone
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India's ShareChat, Moj Raise US$145 Million From Temasek, Moore Strategic Ventures

07/27/2021 | 03:56am EDT

By Justina Lee

Twitter Inc.-backed Indian social media platforms ShareChat and Moj have raised US$145 million in a new funding round that values them at US$2.88 billion.

The latest round was led by Singapore state investment fund Temasek Holdings and U.S.-based private equity firm Moore Strategic Ventures, ShareChat and Moj's parent company, Mohalla Tech, said in a statement Tuesday. A venture between South Korean web portal Naver Corp. and Mirae Asset also participated.

The 15-language ShareChat platform has more than 180 million monthly active users, and also owns short-video app, Moj.

Mohalla Tech, which also counts Twitter as an investor, has now raised more than US$911 million in seven fundraising rounds, including US$502 million in April. Funding will go toward building artificial-intelligence capacity and attracting a diverse creator base, the company said.

The fresh investment comes as Indian-based social media apps gain attention in India, following Delhi's ban last year of Chinese apps, such as ByteDance's TikTok, amid border clashes between the two countries.

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

07-27-21 0556ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.13.59%
MSCI SINGAPORE (GDTR) -0.56% 6540.383 Real-time Quote.13.02%
NAVER CORPORATION 1.38% 405500 End-of-day quote.38.63%
TWITTER, INC. 0.79% 67.22 Delayed Quote.24.14%
All news about TWITTER, INC.
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More news
Analyst Recommendations on TWITTER, INC.
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Financials (USD)
Sales 2021 5 082 M - -
Net income 2021 317 M - -
Net cash 2021 5 515 M - -
P/E ratio 2021 178x
Yield 2021 -
Capitalization 53 527 M 53 527 M -
EV / Sales 2021 9,45x
EV / Sales 2022 7,64x
Nbr of Employees 5 500
Free-Float 97,5%
Chart TWITTER, INC.
Duration : Period :
Twitter, Inc. Technical Analysis Chart | TWTR | US90184L1026 | MarketScreener
Technical analysis trends TWITTER, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 39
Last Close Price 67,22 $
Average target price 71,82 $
Spread / Average Target 6,84%
EPS Revisions
Managers and Directors
Jack Dorsey Chief Executive Officer & Director
Ned D. Segal Chief Financial Officer
Patrick Pichette Chairman
Parag Agrawal Chief Technology Officer
Dantley Davis Head-Research & Design
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