Overview
Mohalla Tech Pvt., the parent company behind social app ShareChat, short-video platform Moj and micro-drama service QuickTV, is targeting a public listing next year that could raise up to $400 million, the company’s chief financial officer said in an interview. The firm plans to move toward an initial public offering within the next four to five quarters after it records operational profitability in the quarter that began in April.
Profitability and economics
According to the CFO, the company’s unit economics have turned positive, a development management sees as a key milestone on the path to listing. The executive emphasized that operational profitability in the current period is the trigger for pursuing an IPO, but also noted that the company’s plans are not final and remain subject to change.
Revenue and user metrics
Mohalla Tech reports annual revenue in excess of 10 billion rupees, with revenue running at an annualised pace of up to 14 billion rupees and expanding at a rate above 30%. On audience measures, the company’s platforms attract significant scale: roughly 65 million monthly viewers of micro-drama content, and about 150 million monthly active users across ShareChat and Moj combined.
Market positioning and strategic priorities
The company competes in India’s rapidly growing digital content market with global social media players such as Meta Platforms. ShareChat and Moj have focused on regional-language content to build engagement in smaller cities and towns. Management has also signalled greater investment in generative artificial intelligence, describing that work as a way to reduce content production costs and support margin improvement.
Outlook and caveats
While management is targeting an IPO in the coming year, the CFO cautioned that the timetable and size are not set in stone and could be revised. The firm’s move toward public markets will depend on sustaining operational profitability and the evolution of its unit economics and revenue trajectory.
Note: All figures and statements reflect the company’s disclosures as reported by the CFO and referenced in the interview; the IPO plan is described as subject to change.