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MOHALLA TECH REVENUE
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 CBO Gaurav Jain steps down amid leadership shakeupJain’s departure marks the third high-profile exit from ShareChat this year – the other two to quit the vernacular social media platform we...
- Two senior executives exit ShareChat amid ongoing workforce cutsAnurag Verma and Shashank Shekhar are leaving amid a period of steady workforce reductions by the Google-backed company. The company aims t...
- 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 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...
- ‘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...
- 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...
- ShareChat’s virtual gifting feature generates $50 million annuallyThe local language social media network, owned by Mohalla Tech, has over 180 million monthly active users in the country. It launched the i...
- 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...
- Flipkart and Moj announce collaboration for video and live commerceThe collaboration will help Flipkart scale video commerce in the country and engage the next 200 million ecommerce customers.
- ShareChat parent earns Rs 25.8 croreThis entire income came from what the company called “other income”, as it reported no revenue from operations.
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