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.
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 has raised a total of $913 million in the year 2021, which is the highest funding among all companies that became unicorns during the year.
The combined Moj-MX TakaTak platform will have 100 million creators, over 300 million monthly active users and nearly 250 billion monthly video views.
A report by Bengaluru-based consulting firm RedSeer has found that Indian players like Josh, Moj, MX Takatak, and Roposo have brought back 97% of TikTok's user base in the last one year.