About
ShareChat is an Indian social media startup.[1][2][3] It was incorporated by Mohalla Tech Pvt Ltd on 8 January 2015, and offers the content consumption and sharing platform only in Indian vernacular languages to cater to over 1.17 billion wireless network users of India. As of Q2 2019, ShareChat has over 60 million monthly active users. After its last funding round in August 2019, ShareChat was valued at $650 million
Startup Story
ShareChat’s holding company, Mohalla Tech Pvt Ltd, was incorporated in January 2015 by three IIT Kanpur graduates[6][7][8] — Ankush Sachdeva, Farid Ahsan and Bhanu Pratap Singh. The company is headquartered in Bengaluru, Karnataka, and presently employs close to 130 people as of March 2019.[9]
Initially, ShareChat primarily worked as a content sharing platform, without any scope of users generating their own content. In April 2016, ShareChat enabled user-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.[10]
As of September 2019, the key people at the hierarchy of ShareChat include Ankush Sachdeva (co-founder and Chief Executive Officer), Farid Ahsan (co-founder and Chief Operating Officer), Bhanu Pratap Singh (co-founder and Chief Technical Officer), Sunil Kamath (Chief Business Officer), Venkatesh Ramaswamy (Vice President - Engineering) and Debdoot Mukherjee (Vice President - Data Science). All of the co-founders featured in Forbes’ 30 under 30 Asia 2018, having been recognized for their work with the vernacular social media platform
Video
Revenue
BENGALURU: Mohalla Tech, the owner of ShareChat, reported Rs 25.8 crore of revenue for the fiscal year ended March 2019, regulatory filings show. This entire income came from what the company called “other income”, as it reported no revenue from operations
Ceo
In his role as CEO of ShareChat, Ankush wears multiple hats as he oversees the Product Management and is responsible for the overall Growth Strategy and Vision of the company. With a keen focus on product behaviour, he takes pride in tackling some of the key challenges in the yet-to-be-solved vernacular social space. An alumnus of the Indian Institute of Technology, Kanpur, Ankush has a B.Tech degree in Computer Engineering.
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