ShareChat parent lays off 20% employees to cut costs
Around 500 employees could be affected due to the lay offs; Mohalla Tech says as capital becomes expensive, it needs to prioritise bets.
mohalla tech
January 2023
February 2022
December 2021
ShareChat parent’s losses balloon to ₹2,988 cr in FY22
Mohalla Tech, the parent company of Moj and ShareChat, saw its income rise four-fold to ₹419 crore in FY22, but its expenses also surged two times to ₹3,407 cr.
ShareChat acquires MX TakaTak in $700 million deal
The combined Moj-MX TakaTak platform will have 100 million creators, over 300 million monthly active users and nearly 250 billion monthly video views.
Mohalla Tech scores $266 million at $3.7 billion valuation
This is the third investment garnered by the startup in the current year, taking its 2021 fund tally to a staggering $913 million.
