Google Backed ShareChat’s Losses Ballooned To INR 4,064 Cr In FY23

• Mohalla Tech posted a 62% surge in its revenue from operations to INR 540.21 Cr from INR 332.69 Cr in FY22.
• Total income saw a YoY increase of 54.90% to INR 628.85 Cr from INR 405.96 Cr in FY22
• The Bengaluru-based unicorn spent INR 7.46 to earn every rupee in FY23

Social media platform ShareChat parent Mohalla Tech Private Limited’s losses jumped 38.17% to INR 4,064.31 Cr during FY23 as compared to INR 2,941.51 Cr in the previous fiscal year.

However, the Google-backed company posted a 62% surge in its revenue from operations to INR 540.21 Cr from INR 332.69 Cr in FY22.