ShareChat, India's homegrown Meta rival, plans $400 million IPO in 2027
Mohalla Tech Pvt., the company behind the Indian social network ShareChat, the short-video platform Moj, and the micro-drama app QuickTV, is preparing to go public in 2027. The company plans to raise up to $400 million. ShareChat has long been described as Meta's main Indian rival in the social media market.
AI-processed from Bloomberg Tech; edited by Hamidun News
Mohalla Tech Pvt., the Indian company that owns the social network ShareChat, the short-video platform Moj, and the subscription micro-drama service QuickTV, is preparing an initial public offering (IPO) of up to $400 million, planned for 2027.
What is Mohalla Tech
ShareChat launched in India in 2015 and from the start focused on regional Indian languages, not just English and Hindi. That approach set it apart from global platforms such as Facebook and Instagram. Its broad reach across India's regional language communities let ShareChat establish itself as an independent player while Meta's products dominated the market.
Moj is a short-video app that launched after India banned TikTok in 2020. It competes for users with Instagram Reels and YouTube Shorts. QuickTV is the company's newer product: a subscription micro-drama platform offering short, serialized dramatic stories, a format that has gained popularity in several Asian markets in recent years.
- Parent company: Mohalla Tech Pvt.
- Portfolio includes ShareChat, Moj, and QuickTV
- Planned IPO raise: up to $400 million
- Listing planned for 2027
Why is ShareChat called a Meta rival?
Facebook and Instagram remain India's dominant social platforms by user count, but for years ShareChat has occupied a niche that Meta's global products underserve: content in regional Indian languages and recommendation feeds tuned to the local interests of audiences outside the big English-speaking cities. That is why the press regularly calls ShareChat Meta's main homegrown rival in India's social media market.
The IPO plan comes as India's market for tech listings has picked up noticeably. Local investors and exchanges are increasingly embracing growth stories from internet companies that target a mass regional audience, not just English-speaking users in major cities.
What it means
If the listing goes ahead, ShareChat will become one of India's most prominent public tech debuts in recent years. It will also test how willing investors are to value local rivals of global social networks separately from their giant American counterparts.
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Key Questions Answered
Why is ShareChat called a Meta rival?
Facebook and Instagram remain India's dominant social platforms by user count, but for years ShareChat has occupied a niche that Meta's global products underserve: content in regional Indian languages and recommendation feeds tuned to the local interests of audiences outside the big English-speaking cities. That is why the press regularly calls ShareChat Meta's main homegrown rival in India's social media market. The IPO plan comes as India's market for tech listings has picked up noticeably. Local investors and exchanges are increasingly embracing growth stories from inter
What is Mohalla Tech?
ShareChat launched in India in 2015 and from the start focused on regional Indian languages, not just English and Hindi. That approach set it apart from global platforms such as Facebook and Instagram. Its broad reach across India's regional language communities let ShareChat establish itself as an independent player while Meta's products dominated the market. Moj is a short-video app that launched after India banned TikTok in 2020. It competes for users with Instagram Reels and YouTube Shorts. QuickTV is the company's newer product: a subscription micro-drama platform offe
What it means?
If the listing goes ahead, ShareChat will become one of India's most prominent public tech debuts in recent years. It will also test how willing investors are to value local rivals of global social networks separately from their giant American counterparts.
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