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India's ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the company's chief financial officer. The move would mark a major milestone for the Indian social media company as it seeks to capitalize on strong user growth, improving financial performance, and rising demand for regional-language digital content.
Mohalla Tech Pvt., the parent company of ShareChat, short-video platform Moj, and micro-drama app QuickTV, is targeting a stock market listing within the next four to five quarters. CFO Manohar Charan told Bloomberg News that the company is now operationally profitable, following improvements achieved during the quarter that began in April.
"Our unit economics has now turned positive," Charan said in the interview. However, Bloomberg noted that the company's IPO timeline has not been finalized and could still change depending on market conditions and business performance.
According to the report, ShareChat currently generates annual revenue of more than 10 billion Indian rupees (approximately $105 million). The company said its revenue is running at an annualized pace of up to 14 billion rupees while continuing to grow by more than 30%, highlighting strong momentum in its business.
ShareChat has built a significant presence in India's competitive social media landscape. Bloomberg reported that its QuickTV platform attracts around 65 million monthly micro-drama viewers, while ShareChat and Moj together serve approximately 150 million monthly active users.
The company competes with major global technology firms, including Meta Platforms, in India's rapidly expanding digital content and social media market. Unlike many rivals, ShareChat has focused heavily on users in smaller cities and rural areas by offering content in multiple regional languages, helping it establish a loyal and growing audience.
To further strengthen profitability, ShareChat is increasing investments in generative artificial intelligence. The company expects AI-powered tools to reduce content production costs, improve operational efficiency, and support higher profit margins while enhancing the user experience across its platforms.
If the IPO proceeds as planned, ShareChat could become one of India's most closely watched technology listings, reflecting growing investor interest in the country's digital economy and consumer internet sector. The public offering would also provide additional capital to support expansion, AI development, and continued competition in India's fast-growing social media market.
