ShareChat Targets IPO As Losses Expected To Fall Near ₹130 Crore, Revenue Close To ₹1,000 Crore

India’s homegrown social media platform ShareChat is preparing to go public within the next 12 to 18 months, even as it narrows losses and moves closer to profitability.

The company, last valued at around $5 billion in 2022, has turned cash-flow positive over the past nine months and is expecting revenue of nearly ₹1,000 crore for FY26, reflecting a 38% year-on-year rise.

The initial public offering (IPO) valuation is yet to be finalised and will depend on market conditions closer to listing, according to industry sources.

Financial Turnaround Gains Momentum

The company’s financial picture has improved sharply over the past two years. Its cash burn has reduced significantly, falling from about ₹800 crore in FY24 to ₹219 crore in FY25. For FY26, losses are expected to narrow further to around ₹120–130 crore.

A constant decline implies better cost management practices and discipline in spending. One of the main areas of expense that has come under scrutiny includes infrastructure costs, including cloud and server costs.

What Is Driving ShareChat’s Growth?

The social media platform was launched in 2015 with the aim of reaching out to people who did not speak English in cities and small towns in India.

Its short-video platform Moj was launched quickly after the government banned TikTok in 2020, allowing it to capture early demand for domestic alternatives. Today, ShareChat and Moj together report around 200 million monthly active users.

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Backing, Strategy And The Road Ahead

The company is backed by major investors such as Google, Temasek and Lightspeed Venture Partners, and has raised close to $1.2 billion so far.

Apart from keeping a tight grip on expenses, ShareChat has also been restructuring its revenue sources. Even though advertisements still play a key role, the platform has begun experimenting with microtransactions and subscriptions as well. This is bound to help the firm reduce dependency on advertisement revenues.

The next year promises to be pivotal for the company in terms of balancing growth and profitability.

Sources:

CNBC TV18

India IPO