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MOHALLA TECH
Sharechat parent firm Mohalla loss narrows to Rs 1,897 crore in FY24Homegrown social media platform Sharechat's parent firm Mohalla Tech reduced its consolidated loss to Rs 1,897.63 crore in FY2024 from Rs 5...06 Jan, 2025, 10.44 PM IST- ShareChat cuts 200 jobs in third round of layoffs this yearHeadcount reduction linked to company plan to secure funding based on financial goals20 Dec, 2023, 09.08 PM IST
- ShareChat parent’s FY23 losses jump 38% to Rs 4,000 croreMohalla Tech CFO Manohar Charan said the company is looking to cut its losses to below Rs 1,000 crore in the ongoing financial year as it r...21 Nov, 2023, 07.47 AM IST
- ShareChat owner aims to double ad revenue in 2023Mohalla Tech saw an almost threefold increase in ad revenue in 2021-22 to ₹212 crore. The company, whose revenue more than quadrupled to ₹3...25 Oct, 2023, 12.25 AM IST
- Interview | Focus is on profitability, growth at all costs never sustainable: ShareChat CEOThe Bengaluru-based firm, backed by Twitter and Snap Inc, has cut its cash burn down by a third compared to the same time last year, ShareC...22 Feb, 2023, 11.43 AM IST
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...31 Jan, 2023, 12.38 PM IST
- ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step downSharechat cofounders Bhanu Pratap Singh and Farid Ahsan will step down from their active roles at the social media platform, cofounder and ...25 Jan, 2023, 08.48 PM IST
- ShareChat fires about 500 employees in fresh layoffs, CEO says company ‘overestimated the market’For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice pe...16 Jan, 2023, 06.11 PM IST
- ‘A very difficult decision’: Sharechat CEO Ankush Sachdeva emails sacked employeesMohalla Tech, which raised $255 million in funding in June 2022, joins the growing list of startups that have laid off employees to cut cos...16 Jan, 2023, 04.05 PM IST
- ShareChat parent raises $255 million from Google, Times Group, others; valuation jumps to $5 billionExisting backers like Temasek also participated in the latest round, which comes at a time when investors have become skittish amid a fundi...17 Jun, 2022, 03.53 PM IST
- Google backs India's ShareChat in $300 million funding round at $5 billion valuationShareChat was last valued at $3.7 billion in a $266 million funding round from investors including Alkeon Capital and Temasek. The firm als...30 May, 2022, 03.16 PM IST
- MX Takatak to merge with ShareChat’s Moj to create India's largest short video platformThe combined short video platform will have over 300M MAUs and 100M strongcreator community. MX Media and its shareholders will become stra...19 Feb, 2022, 11.39 AM IST
- ETtech Deals Digest: Mohalla Tech, Innovaccer raise funds this weekMoj and ShareChat parent Mohalla Tech and healthcare software-as-a-service (SaaS) firm Innovaccer were among the startups that raised funds...17 Dec, 2021, 06.19 PM IST
- ShareChat parent raises $266 million at $3.7 billion valuationThe investment was led by Alkeon Capital with participation from new and existing investors including Temasek, Moore Strategic Ventures (MS...16 Dec, 2021, 12.42 PM IST
- ShareChat parent to buy back ESOPs worth $19 millionThe ShareChat ESOP buyback plan comes a few months after the regional language social media platform raised $502 million at a valuation of ...18 Jun, 2021, 05.35 PM IST
- FIR registered against ShareChat for alleged copyright violationThe music company, in its complaint, said it owns the audio rights of many movies, but Mohalla Tech, which owns ShareChat, has facilitated ...11 Mar, 2020, 11.34 PM IST
- ShareChat parent earns Rs 25.8 croreThis entire income came from what the company called “other income”, as it reported no revenue from operations.31 Oct, 2019, 08.04 AM IST
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