ShareChat is an Indiansocial networking service platform, owned byBangalore-basedMohalla Tech. It was founded by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, and incorporated on 8 January 2015. ShareChat app has over 350 million monthly active users across 15 Indian languages. The current valuation of the company is $5 billion.[1]
ShareChat's holding company, Mohalla Tech Pvt Ltd, was incorporated in January 2015 by graduates fromIndian Institutes of Technology Kanpur:[2] Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan. The company is headquartered in Bengaluru, Karnataka, and as of 2020, employed over 2500 people.[3]
Initially, ShareChat primarily worked as a content sharing platform, without any scope of users generating their own content. In April 2016, however, ShareChat enableduser-generated content creation on its platform, allowing its users to share their own posters and creative content. At around the same time, it also introduced open tagging for users, which would allow anyone to create their own hashtags depending on the content.[4]
In March 2019, Mohalla Tech acquired the short video platform Clip from Transversal Tech.[5] In February 2020, it acquired the Bengaluru-based online fashion marketplace Elanic.[6]
In March 2020, it acquired the meme platform Memer.[7] In August 2020, it acquired a hyperlocal information platform, Circle Internet.[8]
Mohalla Tech also bought the short video platform MX TakaTak fromTimes Internet Group for $700 million in one of the biggest acquisitions of 2022.[9][10]
In January 2023, Farid Ahsan and Bhanu Pratap Singh stepped down from their respective roles as Chief Operating Officer and Chief Technology Officer.[11][12] As of 2022, Manohar Singh Charan (CFO) and Amit Zunjarwad (CPO) led the management along with Ankush Sachdeva (CEO).[13][14]
In September 2020, ShareChat raised $40 million from investors Pawan Munjal ofHero MotoCorp, Ajay Shridhar Shriram ofDCM Shriram,Twitter, SAIF Partners,Lightspeed Ventures, and India Quotient.[15] By April 2021, ShareChat had raised $500 million from investors and was valued at over $2 billion.[16] In May 2022, ShareChat raised $300 million fromGoogle,Times Group andTemasek Holdings at a valuation of $5 billion.[17]
On 17 April 2019, ShareChat took down around half a million pieces of content and removed 54,000 accounts for spreading fake news, hate speech and spam, and for conducting coordinated misinformation campaigns.[18]
In 2018, ShareChat accusedBytedance of copying its design and UI pixel to pixel in 2018, for their social media platform Helo. Following Delhi High Court's direction, Bytedance changed its design for Helo.[19]
In May 2020, ShareChat laid off 101 employees.[20][21] They have since rehired over 50% of the laid-off workforce after the launch of the video platform Moj.[22] In December 2022, ShareChat laid off another 5% of its workforce.[23] In January 2023, ShareChat again laid off 400 employees which was around 20% of its workforce.[24] In December 2023, ShareChat further fired 200 employees, around 15% of its workforce, to cut costs and achieve profitability.[25]
ShareChat app is multilingual social media platform, with 180 million monthly active users. It offers its users multiple options to express themselves through audio chat rooms, photo and video posts, status updates, microblogging, blogging, and direct messaging in 15 Indic languages. This allows regional audiences to connect with like-minded users and communities.[26]
Features:
Audio chat rooms: ShareChat audio chatroom is voice-based hangout destination. This feature allows its users to discuss various topics in detail across 15 regional languages.[27]
Virtual gifting: ShareChat also offers Virtual Gifting where users can reward their favourite creator or host through digital tokens as a gesture of appreciation for their content. As of December 2022, this feature supported over 64,000 creators in monetising their content.[27][26]
SCTV: SCTV is a long-form video format that allows users to create elaborate videos ranging from 2 to 15 minutes.[27]
ShareChat's appMoj, launched on 29 June 2020, is a short-video platform that emulates the features ofTikTok, which was among the apps banned by theIndian government in June 2020.
In a tweet, Ankush Sachdeva, co-founder and CEO of ShareChat, said the app was coded in 30 hours. It has received Google Play Best of 2020 Awards, as of 1 December 2020.[28]
Moj has over 160 million monthly active users.[29][30]
QuickTV[31] is a short-form video streaming platform developed byShareChat, specialising in bite-sized entertainment content. The app focuses onmini-series, quick videos, and 2-minute episodic dramas, catering to users seeking fast-paced storytelling.
Mini-web series: serialised content in quick episodes
User-generated content: creators can upload short videos
Regional language support: Hindi, Tamil, Telugu, Bengali, etc.
Launched as part of ShareChat’s expansion into digital entertainment, QuickTV targets younger audiences preferring snackable content over traditional long-form shows.
^Grados, O. B. (April 1975). "[The laboratory in programs for enteric infection control]".Boletin de la Oficina Sanitaria Panamericana. Pan American Sanitary Bureau.78 (4):318–322.ISSN0030-0632.PMID123456.
