Mohalla Tech, the company behind ShareChat, Moj and QuickTV, wants to go public within a year and raise up to $400 million, on the strength of a profit it only just found.
Two and a half years ago, ShareChat was cutting a fifth of its staff and watching a $5 billion valuation get marked down to roughly $1.5 billion. This week, its chief financial officer is talking about an IPO instead. Bloomberg reported on July 2, 2026, that Mohalla Tech plans to list on public markets within four to five quarters and is targeting a raise of as much as $400 million.
CFO Manohar Charan told Bloomberg that Mohalla Tech turned operationally profitable in the first quarter of its fiscal year that began in April 2026. "Our unit economics has now turned positive," he said, which is a dry line for a company that had to spend years cutting its way back into shape.
It has been a long climb.
In FY25, Mohalla Tech cut its adjusted EBITDA loss by 72%, to 219 crore rupees from 793 crore rupees the year before, according to figures reported by Inc42 and Economic Times. Revenue barely moved, edging up to 723 crore rupees from 718 crore rupees. That's not a growth story yet. It's a company that stopped bleeding first and is only now promising to grow, with Charan targeting 30% revenue growth for FY26 and pointing to an annualized recurring revenue run rate of 1,000 crore rupees by the middle of the fiscal year.
The three products carrying that bet don't look much alike. ShareChat is the vernacular social network that made Mohalla Tech a unicorn, built for Indian users posting in regional languages who never felt at home on English-first Facebook. Moj is the short-video app the company rushed out in June 2020, within days of India banning TikTok, then expanded by buying Times Internet's MX TakaTak in a deal reported at more than $600 million. QuickTV, the newest piece, is the subscription micro-drama app that launched in May 2025 and now sits near the center of the company's growth pitch.
The MX TakaTak deal is a reminder of how badly Moj's timing played out. YouTube Shorts and Instagram Reels, not ShareChat, absorbed much of the attention that fled TikTok, and Mohalla Tech spent the years since paying for acquisitions and headcount it later had to unwind. In January 2023 alone, it let go of roughly 400 people, about a fifth of its workforce, its second round of cuts in as many months.
The investor list explains why the company got a long runway to fix that. Google, Times Internet's parent Times Group and Temasek Holdings led a $300 million round in 2022 that valued Mohalla Tech at $5 billion, after earlier backing from Twitter, Tiger Global, SAIF Partners, Lightspeed and India Quotient. Money that size buys patience, but not forever. By December 2023, a new funding round had reset the company's valuation to around $1.5 billion.
If you're buying this story, the question is simple: did Mohalla Tech build a healthier company, or did it mostly shrink the old one until the losses looked better? A 72% cut in adjusted EBITDA loss is real progress. A 723 crore rupee revenue line after 718 crore rupees the previous year is real stagnation. Both facts belong in the same sentence, because public-market investors will not reward a social app for austerity alone.
An IPO next year would land alongside a much larger Asian social-media listing. Xiaohongshu, known internationally as RedNote, is preparing a Hong Kong IPO that could value it above $70 billion, according to the Wall Street Journal and Bloomberg. The comparison is useful mostly because it shows what Mohalla Tech is not. Xiaohongshu is heading toward market with more than 400 million monthly users and a profit story that investors already understand. Mohalla Tech is coming back from layoffs, a valuation reset and years of trying to make Indian short video pay.
One profitable quarter got Mohalla Tech a headline. Several more will decide whether the listing is more than a recovery pitch. Frankly, that's the part to watch: not the $400 million target, but whether ShareChat, Moj and QuickTV can prove the new unit economics survive once the company starts spending for growth again.
Also read: How Vesting Schedules Work for Startup Founders and Employees and How to Negotiate Yours, Together AI Raises $800 Million From Aramco at an $8.3 Billion Valuation, and Twelve Labs raises $100 million as Amazon bets its Trainium chips on video AI
