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ShareChat’s Failure: Reasons and Challenges for the Social Media Startup

Why ShareChat is Failing: A Case Study of a Social Media Startup ShareChat is a social media platform that was launched in 2015, with the aim of catering to the Indian rural communities and providing content in regional languages. The company raised more than $900 million from investors like Google, Twitter, and Snap, and acquired several startups to expand its offerings. However, in recent…

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ShareChat spent Rs 3,959 Cr to make Rs 533 Cr in FY23

Mohalla Tech, the parent entity of the vernacular social media platform ShareChat and short video entertainment app Moj, raised $255 million from Google, Times Group, and Temasek during FY23. The substantial funding helped the company scale its business during the said period.  But, rising expenses continue to weigh down prospects for the company.

ShareChat’s revenue from operations increased 59.4% to Rs 533 crore in FY23 from Rs 347 crore in FY22, according to its consolidated financial statements filed with the Registrar of Companies.

‘ShareChat Coin’, the in-app virtual currency, purchases for its chat rooms overtook its advertisement income to form 52% of the total revenue. This income surged 2.3X to Rs 285 crore in FY23 from Rs 121 crore in FY22. 

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YouTube Short Video Download on Different Devices

To stay competitive with other platforms offering similar short video formats, such as Instagram Reels, TikTok, Share Chat, and others, YouTube introduced its own version called Shorts.

With this fantastic option from your handy smartphone, connecting from anywhere on globe with fresh Audiences instantly.

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Thanks SMJFamily for this huge love and support, 500k Total Views achievement on Sharechat because of all of you's. I will try my more best for always for my this SMJFamily, this is dude is always of yours.

1K shares milestones on ShareChat

ShareChat

Introduction Many powerful chatting applications are available in the market, but only a few are good to enjoy. Yes, many social media apps like Instagram, Facebook, Twitter, and many more lack something precious in their app. Yes, as you already know, these all are social media apps. Social media apps are usually made for connecting with people socially, not just for chatting. For example,…

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