sharechat

In a multi-tranched funding round, sharechat has raised $255 million from Google, Times Group and existing investors at $5 billion valuation, adding to the $266M raised earlier in December 2021. Since 2021, sharechat has cumulatively raised $1.2 billion and acquired MX TakaTak.

Messaging apps like WhatsApp and Telegram must now bind user access to the physical SIM card in their primary device, a rule effective March 1. This change aims to curb cyber fraud by ensuring app accounts remain tied to the active SIM, impacting multi-device users and web versions significantly.

Content-sharing platform sharechat said it has raised $502 million in fresh funding from Tiger Global, Snap Inc and some existing investors such as Twitter Inc, valuing it at more than $2 billion.

Social media platform sharechat, owned by Mohalla Tech, has cut 200 jobs, about 15% of its workforce, as part of strategic restructuring. Mohalla Tech aims to streamline its cost base and achieve profitability within the next 4-6 quarters. The parent company saw losses increase by over 38% to Rs 4,064 crore in FY23, while revenue from operations rose by 62% to Rs 540.21 crore.

sharechat has announced the appointment of Ajit Varghese as its chief commercial officer. Ajit brings in 25+ years of experience. Prior to joining sharechat, Ajit was the global president at Wavemaker, a WPP-group global media network.

Indian startups raised $24 billion last year, a third lesser than in 2021, and have let go thousands of employees in recent months to cut costs and become profitable.

Homegrown social media platform sharechat on Tuesday said over 750 million user generated pieces of content were uploaded this year. The user generated content also saw 24 billion WhatsApp shares during the year.

sharechat has announced that it has opened sharechat Labs, a Centre of Excellence (CoE) in Palo Alto, its first establishment outside India.

Social media platform sharechat has announced that it has entered into an agreement with Times Music to license its music catalogue for both sharechat and Moj.

sharechat, a fast growing vernacular social network, has said it will add two more regional languages –Assamese and Bhojpuri—to its network of 10 languages by the end of this month.

Indian social media platform sharechat's parent company, Mohalla Tech, saw a 33% revenue surge to Rs 718 crore in FY24. sharechat achieved profitability with a 15% Ebitda margin by October 2024, driven by a 50% reduction in server costs. Advertising revenue grew by 23%, while live-streaming jumped 41%.

sharechat, a social media startup focused on local language-based platforms, has raised $40 million in a fresh round of funding to drive growth of its new short video application Moj.

sharechat, a social media unicorn, has announced that its co-founders, Bhanu Pratap Singh and Farid Ahsan, are stepping down from their roles. The company says that without their contributions, it would not be where it is today. The company has also announced that Manohar Singh, Charan Singh, and Gaurav Bhatia will lead the management and engineering roles, respectively. Six months ago, Mohalla Tech, the parent entity of sharechat, raised 255 million dollars from Google and other existing investors.

sharechat is set to lay off around 20-30 employees, constituting approximately 5% of its workforce, as part of its annual performance review process to cut costs. This follows previous job cuts, including 200 employees in December 2023 and over 600 in January 2023.

The most discussed topics on sharechat in 2018 were Justice for Asifa, Nippa Virus Kerala floods, former PM Atal Bihari Vajpayee’s death, Sridevi’s death and Shabarimala verdict.

Content-sharing platform sharechat on Thursday said it had raised $266 million in fresh funding from U.S.-based Alkeon Capital and some existing investors, pushing its valuation to $3.7 billion.

Amid the increasing spotlight on home-grown social networks and micro-blogging platforms, local social network sharechat is in the final stages of talks to raise as much as $300 million in new funding from Google and others that will value it at more than $1 billion, according to people aware of the matter.

sharechat (Mohalla Tech) declared the conclusion of a $49 million funding round through convertible debentures on Monday. The round was spearheaded by current investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures, and HarbourVest, along with others.The company stated that this influx of capital will support the advancement of its Ad targeting technology .

sharechat, which turned a unicorn (valued at $1 billion or more) last year, had raised $913 million in 2021. The venture has over 400 million monthly active users across all its platforms. Founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, sharechat has social media brands such as sharechat App, Moj, and TakaTak. sharechat is an Indian language social networking service, Moj is a video sharing service, and TakaTak is a short video-making app.

sharechat on Monday said it has acquired Bengaluru-based Circle Internet for an undisclosed amount, a move that will help the homegrown social media app strengthen hyperlocal content on its platform.

Home-grown regional language social media platform sharechat on Monday announced the acquisition of Kae Capital-backed meme sharing app Memer for an undisclosed sum.

sharechat & Moj continue to expand its music library by collaborating with the leading music label companies in India, and across the globe

Local language social networking app sharechat is in the final leg of closing one of the largest early-stage financing rounds at $100 million or Rs 670 crore, led by Chinese mobile phone manufacturer Xiaomi, its founder Lei Jun’s venture capital fund Shunwei Capital, and Hong Kong-based Morningside Ventures, people familiar with the matter said.

Mohalla Tech, the parent entity of sharechat that runs the short video platform Moj, has raised $255 million (almost Rs 2,000 crore) in funding from Google, the Times Group and other existing investors.

"This ESOP scheme has also been extended to every employee on payroll, including administrative staff. The decision was taken to recognise their hard work behind the incredible growth achieved by both sharechat and recently launched short video platform, Moj," a statement said.