Mohalla Tech, the parent company of ShareChat, Moj and QuickTV, is preparing for an initial public offering (IPO) and plans to raise up to $400 million over the next four to five quarters.
According to media reports, Chief Financial Officer Manohar Charan said the company is aiming to go public within the next year, although the timeline remains subject to market conditions and could change.
The company said its annual revenue has surpassed Rs 10 billion and is currently on an annualised run rate of up to Rs 14 billion. Mohalla Tech added that revenue is growing at more than 30% year-on-year.
Beyond its social media platforms, the company has also expanded its presence in the micro-drama segment through QuickTV. It estimates that its platforms collectively attract around 65 million monthly micro-drama viewers, representing nearly two-thirds of India's audience for the format. Users watch more than 700 million micro-drama episodes every day across its ecosystem.
ShareChat and Moj together have around 150 million monthly active users, while QuickTV has crossed 3 million subscribers, according to reports.
