ShareChat’s revenue grows 33 per cent in FY24 to Rs 718 crore

Homegrown social media unicorn Mohalla Tech, which operates ShareChat and the short video platform Moj, reported a 33% year-on-year revenue growth, reaching Rs 718 crore in FY24, up from Rs 540 crore in FY23. Consolidated losses before tax in FY24 stood at Rs 1,898 crore. In FY23, the social media company recorded a net loss of Rs 5,144 crore, primarily due to the write-off associated with the MX TakaTak acquisition.