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77% of young Indians now spend the most on phones, apparels Indians aged between 18 and 34 now spend the most (77 per cent) on mobile phones and apparels and over 65 per cent of them use personal funds for such purchases, a report has shown. Among the rest, 26 per cent seek financial help from friends and family and 7 per cent rely on loans for such purchases, according to data shared by Moj, the country's largest short-video platform. The report found that over 77 per cent of young India spends most of their time watching short videos, foll...
77% of young Indians now spend the most on phones, apparels
77% of young Indians now spend the most on phones, apparels
Source: IANS
2/04/2023 11:45:22 AM
12 mn creators made over 750 mn videos on Moj in 2022 Homegrown short-form video app Moj has unveiled 'Moj Wrap Up 2022', its year-end wrap-up, which revealed that 12 million monthly active creators created over 750 million videos this year on the platform. The year-end wrap-up showed insights on creator growth, what trended in 2022, regional viewership trends and trends expected to continue next year, Moj said in a statement on Tuesday. Launched in July 2020, Moj "witnesses 3 million content uploads every day that garner clos...
12 mn creators made over 750 mn videos on Moj in 2022
12 mn creators made over 750 mn videos on Moj in 2022
Source: IANS
21/12/2022 4:52:50 PM
Moj launches live video streaming platform for creators Short-video platform Moj on Friday launched a live video streaming platform -- Moj LIVE -- that enables creators to authentically showcase their talent and deeply engage with their users in real-time. As the short-video platform Moj turned two, it also claimed that the platform has over 160 million monthly active users (MAUs), 4.5 billion views per day and 50 million creators. "We are thrilled to officially launch our live video streaming platform on Moj's second birthday. Moj ...
Moj launches live video streaming platform for creators
Moj launches live video streaming platform for creators
Source: IANS
1/07/2022 4:20:50 PM
India's ShareChat raises $266 million for valuation of $3.7 billion By Aditya Kalra NEW DELHI  - Indian content-sharing platform ShareChat on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion. The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings and Moore Strategic Ventures, among others, the company said in a statement. Reuters is first to r...
India's ShareChat raises $266 million for valuation of $3.7 billion
India's ShareChat raises $266 million for valuation of $3.7 billion
Source: Reuters
16/12/2021 12:07:12 PM
Moj, ShareChat parent firm Mohalla Tech raises $266 mn Mohalla Tech, the parent company of homegrown social media apps Moj and ShareChat, on Thursday raised $266 million as part of its Series G round, at a valuation of $3.7 billion. This is Mohalla Tech's third round of funding in 2021, with $913 million cumulatively raised this year. With social and live commerce initiatives, the company hopes to reach a target of $100 million annualised creator earnings by the end of 2023. "Both our products (Moj and ShareChat) have been leading ...
Moj, ShareChat parent firm Mohalla Tech raises $266 mn
Moj, ShareChat parent firm Mohalla Tech raises $266 mn
Source: IANS
16/12/2021 11:59:53 AM
Moj, ShareChat raise additional $145 mn to scale AI platform  Mohalla Tech, the parent company behind homegrown social media apps Moj and ShareChat, on Tuesday said it has raised an additional $145 million at a market valuation of $2.88 billion. The latest Series F funding, led by Singapore state investor Temasek, Moore Strategic Ventures (MSV) and Mirae-Naver Asia Growth Fund, is an additional investment beyond the $502 million raised in April this year. The company said in a statement that the new round will be utilised for accelerating us...
Moj, ShareChat raise additional $145 mn to scale AI platform
Moj, ShareChat raise additional $145 mn to scale AI platform
Source: IANS
27/07/2021 11:58:34 AM
ShareChat, Moj raise Rs 3,726 cr, join unicorn club Mohalla Tech, the parent company of leading short video app Moj and vernacular social media platform ShareChat, on Thursday said it has raised $502 million (about Rs 3,726 crore) in its Series E funding round, taking the valuation to a little over $2.1 billion. The latest investment round was led by Lightspeed Ventures and Tiger Global, along with participation from Snap, Twitter and India Quotient and others. Founded in 2015, Mohalla Tech has successfully raised over $766 million acros...
ShareChat, Moj raise Rs 3,726 cr, join unicorn club
ShareChat, Moj raise Rs 3,726 cr, join unicorn club
Source: IANS
8/04/2021 12:18:55 PM