IPO · Consumer Internet & Media

ShareChat plans $400 million IPO in FY28

What they do

ShareChat runs multilingual social platform, short-video app Moj, and subscription micro-drama platform QuickTV

It plans to raise up to $400 million via an IPO in the next 4-5 quarters, targeting FY28

The company turned operationally profitable in Q1 FY27 after restructuring and cost cuts

ShareChat plans to raise up to $400 million (approx Rs 998 crore) through an initial public offering (IPO).
The company targets listing in the next 4-5 quarters, i.e., by FY28.
It turned operationally profitable in Q1 FY27.
The IPO would be among the largest consumer-tech listings in India in recent years.
The company has posted nine consecutive months of positive cash flow as of earlier this year.
ShareChat shut its social discovery platform Vibely last month after Apple removed it over content moderation concerns.

The IPO follows a turnaround after restructuring post the 2021-22 funding boom, including multiple layoffs, cost cuts, and exiting unviable products.
The company has raised over $1.2 billion in total funding from marquee investors like Lightspeed, Tiger Global, Temasek, and Tencent.
Revenue crossed Rs 1,000 crore ($105 million) in FY26, with an annualised run rate implying Rs 1,400 crore by FY27.

Mohalla Tech runs ShareChat (a multilingual social platform), Moj (a short-video app), and QuickTV (a subscription micro-drama platform).
The combined monthly active users (MAUs) of ShareChat and Moj are 150 million, with strong presence in Tier 2 and Tier 3 cities.
QuickTV has crossed 3 million paid subscribers.
Over 700 million micro-drama episodes are watched daily across platforms.
Monthly micro-drama viewers are approximately 65 million, about two-thirds of India's audience for the format.
The company uses AI for recommendations, moderation, ad optimisation, and personalisation, and is expanding its in-house gen AI studio to improve profit margins by 5-7% over the next two years.

Target listing in FY28.
Expand in-house gen AI studio to improve profit margins by 5-7% over the next two years.