Mohalla Tech, the parent company of social networking platform ShareChat, short-video app Moj and micro-drama platform QuickTV, is targeting an initial public offering (IPO) of up to $400 million next year, marking a significant turnaround for the company after achieving operational profitability.
According to reports, the company plans to pursue a public listing within the next four to five quarters, although the timeline and fundraising plans remain subject to change. “Our unit economics has now turned positive,” Chief Financial Officer Manohar Charan said in an interview with Bloomberg News.
The Bengaluru-based company became operationally profitable in the first quarter of the fiscal year that began in April 2026, a major milestone after years of restructuring, cost-cutting and layoffs following the slowdown in venture funding after the pandemic.
ShareChat’s annual revenue has crossed Rs 1,000 crore and is currently running at an annualised pace of as much as Rs 1,400 crore, with growth exceeding 30%, according to the company.
A key driver of the company’s recovery has been its micro-drama business. ShareChat estimates that its platforms currently serve around 65 million monthly micro-drama viewers, while users watch more than 700 million micro-drama episodes every day. ShareChat and Moj together have approximately 150 million monthly active users, while QuickTV has around 3 million subscribers.
The company is also ramping up investments in artificial intelligence, which already powers content recommendations, moderation and advertising on its platforms. Management expects AI-led efficiencies to improve margins by 5% to 7% over the next two years by lowering content production costs and enhancing operational efficiency.
The proposed IPO would mark a remarkable turnaround for ShareChat, which had spent the past few years streamlining operations and reshaping its business model to return to growth and profitability amid intense competition in India’s digital content market.
