ShareChat Eyes Up To $400 Mn IPO In FY28

Social media unicorn ShareChat is looking to raise up to $400 Mn through an initial public offering (IPO) planned for next fiscal year. Manohar Charan, the cofounder and CFO of ShareChat parent Mohalla Tech, told Bloomberg in an interview that the startup is targeting a public listing over the next four to five quarters. “Our unit economics has now turned positive.