ShareChat’s parent firm Mohalla Tech reports Rs 1,898 crore consolidated loss in FY24
Mohalla Tech, the parent company of social media platform ShareChat, reported a consolidated loss of Rs 1,898 crore in FY24, from Rs 5,143 crore in FY23.
Mohalla Tech, the parent company of social media platform ShareChat, reported a consolidated loss of Rs 1,898 crore in FY24, from Rs 5,143 crore in FY23.
ShareChat offers information and community access to Indians in 15 regional languages in order to strengthen this bond even in the social media sphere.
Founded in 2015, Mohalla Tech has now raised over $911 million across seven fundraising rounds.
The webinar aimed to make influencers act as catalysts, and to educate and share reliable information with their community of followers. It was held on the occasion of World Social Media Day, celebrated on June 30 each year.
Nearly 200 existing and former employees with vested options are eligible to participate in this process.
The company said the new funds will be utilised for doubling down on tech initiatives, supporting user growth, and improving platform safety features.
More than 300 employees on the company's payroll as of June 30, 2020, have been the beneficiary of the company's ESOP grant scheme.
Started in 2018, HPF Films has ideated and produced over 3,500 titles across different formats including web-series, digital ads, short films.
The collaboration with India's largest music label aims to provide an enhanced experience on ShareChat and short video platform Moj, a TikTok rival.
Circle Internet has a presence in Uttar Pradesh, Rajasthan, and Kerala right now and has a network of over 1,000 volunteers.
