What is ShareChat?
Founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan, ShareChat is a social media and social networking app based in India. ShareChat app. Along with features such as private messaging, tagging and personal messaging, it allows users to share videos, jokes, songs and other language-based social content with other unknown users.
- Parent Company: Mohalla Tech
- Founded Date: January 2015
- Founders: Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan
- Headquarter: Bengaluru, India
- Crunchbase Profile: Profile Link
- Google Play: Store Link
- App Store: Store Link
ShareChat Revenue Statistics
+ For the fiscal year 2022, ShareChat revenue was Rs 347 crore, against Rs 80.4 crore in the fiscal year 2021. More than 60% of ShareChat’s revenue came from the platform’s advertising services, which increased by 2.8X from Rs 77 crore in FY21 to Rs 212.2 crore in FY22.
|Fiscal Year||ShareChat Revenue|
|2022||Rs 347 crore|
|2021||Rs 80.4 crore|
|2020||Rs 9.4 crore|
+ In February 2021, Twitter reportedly held talks to acquire ShareChat to create a global TikTok rival and expand in the Indian market. The sources said that Twitter offered to acquire the social media startup, which it is already an investor of, for $1.1 billion and an additional investment $900 million. However, the talks didn’t end up with a deal.
+ Reuters reported that in May 2022 ShareChat raised nearly $300 million in fresh funding from Google, Times Group and Temasek Holdings, valuing the company at nearly $5 billion.
|May 2022||$5 billion|
|December 2021||$3.7 billion|
|July 2021||$2.88 billion|
|April 2021||$2.1 billion|
|August 2019||$650 million|
+ In July 2021, ShareChat raised $145 million in fresh funding from, giving it a valuation of $2.88 billion.
+ In April 2021, ShareChat raised $502 million Series E, led by Tiger Global that valued the company at $2.1 billion.
ShareChat investors include Twitter, Snap, Lightspeed Venture Partners, Tiger Global, Temasek, Moore Strategic Ventures, Google, Times Group, Alkeon Capital, Harbourvest, and India Quotient.
ShareChat User Statistics
ShareChat currently has 180 million monthly active users.
ShareChat’s sister firm Moj, a short video app, , along with Mohalla’s recently acquired MX TakaTak, has a combined user base of 300 million as of 2022.