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
Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
15 May, 2023, 06.49 PM IST
Livspace layoffs: Home design startup cuts nearly half of tech, product rolesA total of 36 staffers, including software engineering developers and directors from a team of 80 have been asked to leave the company, sou...
19 Mar, 2023, 07.08 PM IST
Homegrown companies on hiring spree as Big Tech sheds talentThough the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, grow...
06 Mar, 2023, 11.07 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
'Devastated, shocked': sacked Google employees left distraught as layoffs impact 12,000Google parent Alphabet on January 20 announced that it plans to layoff about 12,000 employees or 6% of its global workforce.
22 Jan, 2023, 11.30 AM IST
Exclusive: More consumer internet startups like ShareChat, Dunzo, Rebel Foods join layoff waveThe latest developments at ShareChat, Dunzo and Rebel are an extension of what has transpired in the so-called new economy over the last si...
16 Jan, 2023, 08.30 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
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
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