Moj Parent ShareChat Set to Launch IPO Within 12–18 Months Amidst Growing User Engagement.

ShareChat, the leading homegrown social media platform in India, is gearing up for an IPO within the next 12 to 18 months. The company, which operates Mohalla Tech Private Limited, has experienced significant challenges in the past, including high cash burn rates and stiffer competition from global tech giants. However, management has announced a strategic shift towards achieving sustained cash flow and reduced losses, setting the stage for its upcoming public offering. The anticipated listing is expected to occur only after the company posts consistent profitability, with projections indicating a revenue target of INR 1,000 crore by FY26.

According to co-founder and CEO Ankush Sachdeva, ShareChat has established a more predictable business model by moving away from a high-risk, growth-centric strategy to a more disciplined operational framework. The platform has reported cash flow positivity for the last nine months, with expectations that EBITDA losses will decrease significantly, from nearly INR 800 crore in FY25 to below INR 200 crore by FY26. This operational turnaround is critical not just for investor confidence but also indicates a more fiscally responsible growth path that could attract both retail and institutional investors when the IPO materializes.

The impending IPO comes at a time when ShareChat’s valuation has taken a hit, down from around USD 5 billion at the peak of the tech funding cycle in 2022 to an estimated USD 1.5 billion following the global tech valuation correction. Despite this revaluation, ShareChat remains one of India’s most funded social media startups, having secured nearly USD 1.2 billion from notable investors like Google and Temasek. For Indian investors, this presents a nuanced opportunity: while the lower valuation reflects broader market trends, ShareChat’s robust user base and diversified revenue model could yield significant returns, provided the company can deliver on its financial forecasts and operational improvements leading up to its IPO.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)