TheCapTable
TheCapTable
search icon
Sign In

Analysis

The advertising engine behind ShareChat’s social media ambitions

thumbnail
August 30, 2022  |  11 Min Read
With powerful backers and a $5 billion valuation to boot, vernacular social media company ShareChat wants to increase revenues by 10X and hit breakeven by March 2025. To do this, it’s building an advertising engine that can compete with Meta and Google.

In mid-June, ShareChat announced that it had closed a multi-tranche funding round. The round saw ShareChat raise $520 million, with its valuation shooting up to $5 billion—a 7X jump from just two years ago.

ShareChat’s cap table also makes for impressive reading. Its latest fundraise added Times Internet and Google to a list that already boasted the likes of Singaporean sovereign wealth fund Temasek and global investment firm Tiger Global.

ShareChat, which wants to cement its position as the social media app for India’s masses, now finds itself in an enviable position. Flush with funding, the company also has India’s largest short video app, Moj, in its kitty. Earlier this year, it doubled down on the short video space with the acquisition of MX TakaTak, arguably Moj’s closest competitor, for $700 million.

According to research from app analytics platform data.ai, ShareChat has nearly 80 million monthly active users (MAU) as of August 2022. Moj, meanwhile, has 58 million, and MX TakaTak (now Moj Lite) has a further 36 million.

For all of this, however, ShareChat’s revenues have historically not been much to write home about. In the year ended March 2021, the company’s total revenue stood at just Rs 96.4 crore, with losses ballooning to Rs 1446.5 crore, according to a valuation report the company filed in March 2022.

This is a premium article and available only to subscribers.

Already a subscriber? Sign In

What's your right fit?

Be the smartest person in the room. Choose the plan that works for you and join our exclusive subscriber community.

premium_articles

Premium Articles

4 articles every week

archives

Archives

>3 years of archives

archives

Org. Chart

1 every week

newsletter

Newsletter

4 every week

gifting_credits

Gifting Credits

5 premium articles every month

session

Session

3 screens concurrently

₹1,399 / Year

₹3,999

Subscribe Now

Have a coupon code?

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

company1
company2
company3
company4
company5
company6
company7
company8
company9
company1
company2
company3
company4
company5
company6
company7
company8
company9
Trusted by the best
Headshot of Karthik Reddy from Blume Ventures
Karthik Reddy

Blume Ventures

quote

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

subscribe_graffiti

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

If you want to see more, Sign Up for access to our Crux newsletter and several free articles

Sign Up Now