ShareChat, Indian competitor to Meta, plans $400M IPO in 2027
Mohalla Tech Pvt., which owns Indian social network ShareChat, short-video platform Moj, and micro-drama app QuickTV, is preparing for a public offering in 2027. The company plans to raise up to $400 million—ShareChat has long been regarded as India's leading competitor to Meta in the social media market.
AI-processed from Bloomberg Tech; edited by Hamidun News
Indian company Mohalla Tech Pvt., which owns the social network ShareChat, the short-form video platform Moj, and the subscription micro-drama service QuickTV, is preparing for an initial public offering (IPO) of up to $400 million, scheduled 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 — this is what distinguishes the service from global platforms like Facebook and Instagram. It was precisely the broad reach of regional language communities in India's audience that allowed ShareChat to establish itself as a standalone player against the backdrop of Meta's product dominance on the market.
Moj is a short-form video application launched after India banned TikTok in 2020. The service competes with Instagram Reels and YouTube Shorts for users. QuickTV is a newer product from the company, a subscription-based micro-drama platform: short serialized dramatic stories, a format that has grown popular in several Asian markets in recent years.
- Parent company — Mohalla Tech Pvt.
- Portfolio includes ShareChat, Moj, and QuickTV
- Planned IPO fundraising volume — up to $400 million
- Placement scheduled for 2027
Why ShareChat is called a Meta competitor
Facebook and Instagram remain the dominant social platforms in India by user count, but ShareChat for years occupied a niche insufficiently covered by Meta's global products — content in regional Indian languages and recommendation feeds tailored to local interests beyond major English-speaking cities. This is precisely why ShareChat is regularly called the main homegrown competitor to Meta in India's social media market.
The IPO plan comes at a time when India's technology listing market has noticeably picked up: local investors and exchanges are increasingly accepting growth stories of internet companies focused on mass regional audiences, not just English-speaking users in major cities.
What this means
If the offering succeeds, ShareChat will become one of the most notable tech debuts in India in recent years and a test of how willing investors are to value local competitors of global social networks separately from their giant American counterparts.
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