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SHARECHAT REVENUE GROWTH
Kuku FM's parent confidentially files for Rs 3,500 crore IPOAudio and video platform Kuku has confidentially filed draft papers with Sebi for a Rs 3,500 crore IPO. The company aims for a Rs 15,000 cr...- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- ShareChat parent narrows FY25 Ebitda loss by 72%, bets big on micro dramasOperating revenue for the fiscal year stood at Rs 723 crore, up slightly from Rs 718 crore in the previous year. The company said its core ...
- ShareChat to lay off another 5% employees to cut costsThe Google-backed vernacular social media firm plans to reduce its total employee count to 500 by March 2025. It had 650-700 employees as o...
- ShareChat parent Mohalla Tech reports 33% rise in FY24 operating revenue, 67% fall in Ebitda lossesFor the parent firm of the vernacular social media platform ShareChat and short video app Moj, live streaming contributed 56% to total oper...
- ShareChat valuation drops 60% to under $2 billion post new fundingTwitter and Google-backed homegrown social media firm Sharechat has closed $49 million in debt financing through convertible debentures fro...
- ShareChat cuts 200 jobs in third round of layoffs this yearHeadcount reduction linked to company plan to secure funding based on financial goals
- 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...
- SMEs log into local apps for hyperlocal connectSmall businesses across the country are banking on advertising on homegrown apps for a pan India reach. Industry watchers said the short fo...
- Small firms eye homegrown apps to build strong footprint beyond metrosSmall businesses in India, such as wafer, hosiery, and footwear companies, are turning to homegrown apps to expand their reach and boost sa...
- ShareChat launches WhatsApp Branded Shares in beta for advertisersThe new feature allows advertisers to append their ad with the content every time a post from ShareChat or Moj is shared on WhatsApp.
- 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...
- Disney Star appoints Ajit Varghese as network ad sales headAjit Varghese he will be responsible for overall advertising revenues of Disney Star’s television and digital businesses and for driving gr...
- ShareChat CCO Ajit Varghese resigns, to leave company in JanuaryVarghese joined the company in 2020 as its CCO. He was pivotal in expanding the platform’s revenue efforts and building a monetisation appr...
- Dukaan joins hands with ShareChat, Moj for merchants, creatorsDukaan, ShareChat, Moj will acquire another sales channel to grow their presence beyond SEO and Social Ads.
- Indian short-video apps see $19 billion monetisation opportunity by 2030: reportAt present, only 1% of the overall digital advertising spends accrue to short video apps, according to the report.
- 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...
- ShareChat names Ajit Varghese as its Chief Commercial OfficerPrior to joining ShareChat, Varghese was the Global President at Wavemaker, a WPP-group global media network.
- ShareChat lays off 101 employees as advertising market tanksThe laid-off employees will have the option of taking a ‘garden leave’ of 2 months or half the salary for four months. Garden leave is a pr...
- ShareChat bets big on vernacular audiences with micro-influencers, user generated contentShareChat claims to have executed campaigns for over 25 top companies in the last few months and has been getting repeat campaigns.
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