Sharechat, Gupshup join unicorn club

The Indian startup ecosystem is on a roll as we get two more names adding to the list of unicorns. Sharechat owner Mohalla tech and messaging platform Gupshup crossed the $1-billion-valuation-mark after the latest round of funding.

Mohalla Tech raised $502 million in a funding round led by Lightspeed Ventures and Tiger Global, pushing the startup’s valuation to $2.1 billion. Gupshup achieved the coveted label after raising $100 million from Tiger Global, increasing its valuation ten-fold to $1.4 billion.

10 companies have crossed the $1-billion valuation mark this year. Six of them have turned unicorns in just one week.