IPO
Social media firm ShareChat eyes $400-M IPO in FY28
Bengaluru-headquartered social media firm ShareChat is planning an initial public offering (IPO) in the next fiscal year, targeting $400-M. The company, which operates as Mohalla Tech, aims to list on the public markets within the next four to five quarters.Founded in 2015, the firm operates the short-video platform Moj and subscription-based microdrama app QuickTV. It reports having approximately 65 million monthly microdrama viewers, with daily consumption exceeding 700 million episodes. The company achieved operational profitability in the first quarter of FY27.The company reached a revenue milestone of over Rs.1,000-Cr in FY26 and is currently operating at an annualised revenue run rate of up to Rs.1,400-Cr.To date, Mohalla Tech has raised more than $1.2 B from investors including Lightspeed, Tiger Global, Temasek, and Tencent.
Between Oct 2015 and Aug 2024, ShareChat had attracted about $ 1467 M from Elevation Capital, India Quotient, Lightspeed Ventures, DST Global, Hillhouse Capital, Morningside Ventures, Shunwei Capital, VH Capital, Xiaomi, Alkeon Capital, HarbourVest, Moore Strategic Ventures, Temasek, Tencent and others.
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