Why ShareChat’s 2027 IPO plan matters for India’s creator economy

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TL;DR:

ShareChat parent Mohalla Tech is planning a $400 million IPO in 2027 after turning operationally profitable. The listing push is being driven by stronger monetisation, AI-led cost control, regional-language scale, and the rapid rise of micro-dramas, which could become a major growth engine for India’s short-video and creator economy.

Article:

Mohalla Tech, the parent of ShareChat, Moj and QuickTV, is preparing to raise up to $400 million through a public listing planned for 2027, signalling a turnaround for one of India’s best-known social media startups after years of layoffs, cost cuts and tighter venture funding. The plan is still not final and could change.

The timing matters because ShareChat says it became operationally profitable in the first quarter of FY27. Chief Financial Officer Manohar Charan told a global, multi-platform news agency, “Our unit economics has now turned positive,” adding that the company would aim to list “over the next four or five quarters.”

The IPO story is now less about social media scale alone and more about monetisation. ShareChat’s annual revenue has crossed ₹10 billion and is running at an annualised pace of up to ₹14 billion, with growth above 30%. ShareChat and Moj together have about 150 million monthly active users, while QuickTV has 3 million subscribers.

Micro-dramas have become the key lever. ShareChat estimates its apps serve about 65 million monthly micro-drama viewers, nearly two-thirds of India’s audience for the format, with users watching more than 700 million episodes daily. Lumikai’s State of India Interactive Media Report 2025 said micro-dramas crossed $300 million in their first year and could reach $4.5 billion by 2030.

Lumikai founder Salone Sehgal said, “Micro-dramas crossed $300 million in their first year. That tells you something fundamental about where Indian media is heading.”

The next test is whether ShareChat can convert regional-language reach, AI-led production savings and short-video engagement into durable public-market confidence.