ShareChat
ShareChat is a prominent social media platform in India with over 325 million monthly active users across its platforms, including the ShareChat app and Moj.
History
ShareChat was incorporated as Mohalla Tech Pvt Ltd in January 2015. The ShareChat app officially launched in October 2015 in four languages: Hindi, Telugu, Malayalam, and Marathi. In March 2018, ShareChat added Bhojpuri, Haryanvi, Rajasthani, and Assamese languages. In July 2020, ShareChat launched Moj, a short-video app, which quickly became India's No. 1 in its category. ShareChat entered the unicorn club in 2021 after raising $913 million, bringing its valuation to $3.7 billion. The company continued its growth trajectory by acquiring MX TakaTak in 2022 and raising $520 million from Google, Times Group, and existing investors, reaching a valuation of $5 billion.
Services
ShareChat offers a leading social media platform in India with a diverse range of services targeting user engagement and content creation. The ShareChat app caters to 180 million monthly active users and features multiple local languages to enhance accessibility. Moj, another product by ShareChat, focuses on short video content and enjoys 160 million monthly active users. The platform provides users with tools to create and share content easily, contributing to over 75 million user-generated pieces per month on ShareChat and billions of video plays on Moj.
Products
ShareChat's product lineup includes its flagship app, ShareChat, a social media platform that supports multiple Indian languages and enables users to share diverse forms of content. The app hosts over 180 million monthly active users. Moj, the company's short-video app launched in July 2020, has quickly risen in popularity, boasting 160 million monthly active users and generating over 6 billion video plays daily. Both products contribute significantly to the company's user base of over 325 million monthly active users across all platforms.
User Engagement
ShareChat maintains high user engagement across its platforms. Users spend an average of 31 minutes daily on the ShareChat app, contributing to over 2.5 billion shares per month. Moj, the short-video app, sees its users spend an average of 34 minutes daily, with over 6 billion video plays occurring each day. The user-generated content on ShareChat adds up to over 75 million pieces per month, reflecting the high levels of interaction and creativity among its user base.
Company Values
ShareChat upholds several core values that guide its operations and culture. These include First Principle, focusing on fundamental truths to address issues effectively; Ownership, encouraging employees to take responsibility for their work; Speed, emphasizing quick and efficient execution; User Empathy, understanding and valuing the user experience; and Integrity, maintaining high ethical standards in all actions. These values inform the company’s approach to product development and customer interaction.
