ShareChat Plans Up To $400 Million IPO in FY28
Indian social media company ShareChat is planning an Initial Public Offering (IPO) for the next fiscal year, aiming to raise up to $400 million. The company has recently achieved operational profitability.
Social media unicorn ShareChat is targeting an initial public offering (IPO) in the next fiscal year, with plans to raise up to $400 million. The startup's Chief Financial Officer, Manohar Charan, indicated in an interview with Bloomberg that the listing is expected within the next four to five quarters.
"Our unit economics has now turned positive. We will aim to list over the next four or five quarters," Charan stated. Mohalla Tech, the parent company of ShareChat which also operates the Moj short-video platform and QuickTV microdrama app, became operationally profitable in Q1 of fiscal year 2027.
According to Charan, ShareChat's platforms engage approximately 65 million monthly users for short-form content, with over 700 million episodes consumed daily. The planned IPO and recent profitability signal a turnaround for the company following a period of restructuring after the 2021-22 funding boom subsided.
In recent years, the startup has undertaken cost-cutting measures, reduced its workforce, and refined its business model to improve unit economics. Earlier this year, Charan reported that ShareChat's revenue surpassed ₹1,000 crore (approximately $120 million) in FY26, accompanied by nine consecutive months of positive cash flow. For FY25, the company narrowed its adjusted EBITDA loss by 72% to ₹219 crore from ₹793 crore in the previous year.
ShareChat has shifted its strategy to focus on sustainable growth within vernacular content, rather than directly competing with global giants like Meta and YouTube. The company has also discontinued underperforming pilot projects. Since its founding in 2015, Mohalla Tech has secured over $1.2 billion in total funding from investors including Lightspeed, Tiger Global, and Tencent.