ShareChat parent Mohalla Tech targets IPO as revenue growth and microdramas sharpen
Mohalla Tech, parent of ShareChat and Moj, is targeting an IPO in four to five quarters after narrowing losses, forecasting FY26 revenue above Rs 1,000 crore and investing Rs 100 crore in AI-led content production and microdramas.
What happened
Mohalla Tech (ShareChat) · Indian content-platform operator Mohalla Tech is targeting an IPO after tightening costs, expanding microdramas and AI production.
Key facts
- FY25 revenue: Rs 723 crore
- FY25 adjusted EBITDA loss: Rs 219 crore
- Total funding raised: $1.23 billion
- April 2024 convertible round: $49 million
- April 2024 valuation: just below $2 billion
What changed
Indian content-platform operator Mohalla Tech is targeting an IPO after tightening costs, expanding microdramas and AI production. ShareChat’s FY25 revenue was Rs 723 crore, while its adjusted EBITDA loss narrowed to Rs 219 crore; FY26 revenue is projected above Rs 1,000 crore.
Why this matters
Mohalla Tech’s IPO runway hinges on converting AI-funded microdramas and short-form content into scalable engagement and monetization while sustaining its narrowed-loss trajectory.
What to watch
- Quarterly revenue trajectory toward Rs 1,000 crore-plus in FY26 and evidence of sustained loss reduction.
- Disclosure of daily active users, watch time, microdrama completion rates and repeat-viewing behavior.
- Advertising yield trends, including CPM improvement, branded-content bookings and share of performance advertising.
- The size and pace of the Rs 100 crore content investment, creator-acquisition costs and content amortization.
- IPO-preparation milestones such as auditor, banker, governance, cap-table or filing updates.