Mohalla Tech, a Bengaluru-based social media company that runs ShareChat, Moj, and Quick TV, said on November 4 that FY26 operating revenue rose 40% year on year to 10.2 billion rupees (US$107 million). Its adjusted EBITDA loss narrowed 58% to 910 million rupees (US$9.62 million).

Subscription revenue from Quick TV and Moj+ reached 2.9 billion rupees (US$31 million) in its first full year. The company said it posted two EBITDA-positive quarters in FY27.

By the end of the first half, its annualized revenue run rate had crossed 15 billion rupees (US$159 million). Mohalla Tech forecast FY27 EBITDA of nearly 250 million rupees (US$2.64 million).

Mohalla Tech raised US$266 million at a US$3.7 billion valuation in 2021. ShareChat’s advertising platform said it reached more than 325 million users.

Redseer projected India’s short-form video app market would reach US$8 billion to US$12 billion by 2030. ShareChat planned a US$400 million initial public offering after reaching operational profitability.

🔗 Source: Mohalla Tech

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