Mohalla Tech Pvt., the unicorn behind the social network ShareChat and short video app Moj, faces financial challenges as the company registered a loss of ₹5,144.2 crore in FY23. Established in January 2015 by Ankush Sachdeva, Bhanu Singh and Farid Ahsan, Mohalla Tech’s ShareChat challenges Facebook, Instagram, Koo in Indian social media market. ShareChat reported a notable surge in losses, …
Ltd, which runs the social media platform ShareChat and short video platform Moj, on Monday laid off around 20% of its employees due to “external macro factors” impacting the cost and availability of capital. The affected employees lost access to Slack by 6am and received an email from Sachdeva on their personal email IDs around 8am, a former employee said. …
Mohalla Tech, the parent of Moj and ShareChat, is looking to raise more $500 million at a valuation of more than $5 billion as a part of its ongoing Series G funding round, two people aware of the discussions said. Of this fundraise, Mohalla Tech raised $266 million on Thursday as a part of the Series G round led by …
New Delhi CNN Business — Snap and Twitter are among a group of investors that have just poured half a billion dollars into Mohalla Tech, an Indian startup that owns social media platform ShareChat as well as Moj — a TikTok-like app that has soared in popularity since the Chinese original was banned in India last year. The $502 million …
