ShareChat IPO Outlook
India’s ShareChat, operated by its parent Mohalla Tech Pvt., disclosed that it is targeting a public listing within the next four to five quarters, aiming to raise up to $400 million. The plan was outlined by Chief Financial Officer Manohar Charan, who highlighted that the unit economics of the business have turned positive.
The company reported annual revenue exceeding 10 billion rupees (approximately $105 million) and an annualized revenue run‑rate that could reach up to 14 billion rupees, reflecting a growth rate of more than 30% year‑on‑year. ShareChat’s ecosystem, which includes the short‑video platform Moj and the micro‑drama app QuickTV, serves roughly 65 million monthly micro‑drama viewers, while ShareChat and Moj together command about 150 million monthly active users, primarily from smaller cities and towns seeking regional‑language content.
To further improve margins, ShareChat is increasing its investment in generative artificial intelligence, aiming to lower content production costs. The CFO noted that while the IPO target of $400 million is a guiding figure, the final terms remain subject to change.