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Social Review App Sarahah raises $500 million in funding round, now valued at $2.5 billion

Posted by Students Database | Students Database Providers | Students Database Seller | Education Database | Database of Indian Students| on August 18, 2017 at 6:30 AM

Sarahah raised $500 million in funding, valuing $2.5 billion according to several media reports. 

Sarahah has become the talk of the town. Everyone on social media, be it on Facebook, Twitter, Instagram or WhatsApp, is talking about Sarahah, an app that allows users to send anonymous messages to others registered with the app. The key highlight of Sarahah is that it doesn't reveal the identity of the sender of the message at any given cost.

Sarahah is introduced by a Saudi Arabian developer -- Zain al-Abidin Tawfiq. The interesting bit about the founder of Sarahah -- Zain al-Abidin Tawfiq is that he was once a part of an Indian IT firm - Wipro and gained his programming knowledge from an Indian university. Sarahah has become popular in absolutely no time. It was rolled out as an app on June 13, and in just a matter of two months, the application gained wide success with over 50 million downloads and Play store and has also become the top trending application on Apple's App store.

Sarahah has 85X its valuation within three months via viral users acquisition, since its last capital raise, in Apr 2017, when the company was valued at $30 Million. The investors in this funding round were not disclosed.

The company has been aggressively expanding to compete with WhatsApp and Facebook.  

Messaging apps that let you use your smartphone to text or chat with your friends or even large groups of people, often free of charge, are red hot. We’ve heard from a reliable source that one of the companies making waves in the space, Sarahah, had secured $1 million in the seed financing round from IANT Capital, and possibly other Saudi investors.

Sarahah will be acquired soon by the major internet company that's why VC pump the fuel as much as they can with zero revenue app said "Zarikh Hussain, Venture Partner, Lorrison Capital.

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