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...
16 Jan, 2025, 09.06 AM IST
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...
26 Nov, 2024, 10.50 PM IST
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...
16 Apr, 2024, 07.11 AM IST
ShareChat cuts 200 jobs in third round of layoffs this yearHeadcount reduction linked to company plan to secure funding based on financial goals
20 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
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...
25 Aug, 2023, 06.01 AM IST
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...
25 Aug, 2023, 12.40 AM IST
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.
31 Jul, 2023, 06.00 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
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...
11 Jan, 2023, 12.55 PM IST
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...
28 Dec, 2022, 11.27 AM IST
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.
09 Sep, 2022, 02.30 PM IST
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.
22 Jul, 2022, 07.44 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
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.
09 Dec, 2020, 11.58 AM IST
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...
21 May, 2020, 07.56 AM IST
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.
08 Apr, 2020, 07.59 AM IST