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MOHALLA TECH LOSSES
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 ...- Creative local content, regional uptake driving short-form video demand: CFO ShareChatIn an interview with PTI, Charan said the company is on the brink of being EBITDA (earnings before interest, taxes, depreciation and amorti...
- 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 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...
- 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...
- Razorpay, Cashfree eye lost market share, ShareChat’s third round of layoffsWith the PA license in place, both Razorpay and Cashfree have set up "war rooms" with executives from across teams. The aim is to reach out...
- ShareChat cuts 200 jobs in third round of layoffs this yearHeadcount reduction linked to company plan to secure funding based on financial goals
- ShareChat fires another 15% staff; inside the rush for a payment aggregator licenceVernacular social media platform ShareChat on Wednesday executed another round of layoffs. This and more in today’s ETtech Top 5.
- ShareChat appoints Gaurav Jain as chief business officerJain takes over at an important juncture for ShareChat. Company sources said revenue has gone up from Rs 332.69 crore in FY22 to Rs 540.21 ...
- 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...
- Fintechs bank on credit cards for growth; ShareChat’s FY23 losses jump to over Rs 4,000 croreFintech heavyweights such as Cred and PhonePe are exploring cross-selling options and forging partnerships with banks to act as distributio...
- 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...
- 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...
- New influencer rules ‘will raise transparency & costs’; PhonePe’s India shift cost Rs 8,000 crore: CEOLast Friday, India’s Department of Consumer Affairs announced new guidelines for social media influencers and celebrities, saying they must...
- Industry body IAMAI says FIR against ShareChat an act of overreachEarlier in the week, the Yeshwantpur Police in Bengaluru registered an FIR against ShareChat for alleged copy rights violation based on a c...
- 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 ...
- ShareChat to hire 100-150 people; further strengthen presence in tier II citiesThe company is now looking at also stepping out on its monetisation efforts. It has been running different pilots and is engaging with diff...
- ShareChat parent earns Rs 25.8 croreThis entire income came from what the company called “other income”, as it reported no revenue from operations.
- Twitter may invest more than $50 million in ShareChatShareChat is among a new crop of regional-language content players tapping the next 100 million internet users in India.
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