IPO · Consumer Internet & Media

ShareChat plans $400M IPO by 2027

By Startup Enthusiast · 24 July 2026

What they do

ShareChat is a social media platform with short-video app Moj and microdrama service

It plans a $400M IPO by 2027, having crossed ₹1,000 Cr revenue and achieved profitability

Microdramas contributed ₹250 Cr in FY26 and have 60 million monthly viewers

ShareChat is planning a $400M IPO by next year (2027).
Its operating revenue crossed ₹1,000 Cr in FY26.
It achieved EBITDA and net profitability in Q1 FY27.
Adjusted losses narrowed to ~₹100 Cr in FY26 from ₹793 Cr two years prior.
Microdramas contributed ~₹250 Cr in FY26, about 25% of total revenue.
Advertising revenue from microdramas was ₹80-90 Cr in FY26, projected to reach ~₹150 Cr in FY27.
Microdramas have ~60 million monthly active viewers and ~750 million daily episodic plays.
89% of microdrama discovery happens via social media feeds.

ShareChat used a flat revenue period between FY24 and FY25 to improve unit economics.
It shut non-core verticals Jeet11 and MX TakaTak to focus on core business.
A deep learning recommendation model increased time spent by ~40%.
Microdrama engagement increased by 50% after applying an AI strategy.
Senior executives departed until April 2025, but median leadership tenure is over four years.

ShareChat is a social media platform with short-video app Moj and microdrama service QuickTV.
It launched Moj within 30 hours after the TikTok ban on June 29, 2020.
Microdramas are rolled across ShareChat, Moj and QuickTV.
Microdramas contribute ~25% of total revenue.
It has ~60 million monthly active microdrama viewers and ~750 million daily episodic plays.
89% of microdrama discovery happens via social media feeds.
It uses a deep learning recommendation model that increased time spent by ~40%.
Weekly central business review meetings tie engineering, product and business teams.