mohalla tech

Vernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.Also in this letter:■ FY23 financials for Euler Motors, Pilgrim■ SoftBank India’s Vikas Agnihotri leaves■ Unicommerce expands board ShareChat lays off about 200 employees across verticals Ankush Sachdeva, cofounder and CEO, ShareChatIn a bid to streamline costs and achieve profitability within 4-6 quarters, vernacular social media platform ShareChat on Wednesday said it has…

Social media platform ShareChat's parent firm Mohalla Tech is in advanced stage discussion with Google, Temasek and other investors to close a USD 300 million funding round at a valuation of USD 5 billion. The deal is expected to close in June. "Mohalla Tech is in an advanced stage of discussion with Google, existing investor Temasek and other investors to close a USD 300 million funding round. The transaction is expected to value ShareChat at around USD 5 billion," the source said. When contacted, Google and Temasek…