<s>
ShareChat	B-Application
is	O
an	O
Indian	O
social	O
media	O
platform	O
,	O
owned	O
by	O
Bangalore-based	O
Mohalla	B-Application
Tech	I-Application
Pvt	O
Ltd	O
.	O
</s>
<s>
ShareChat	B-Application
app	O
has	O
over	O
350	O
million	O
monthly	O
active	O
users	O
across	O
15	O
Indian	O
languages	O
.	O
</s>
<s>
Mohalla	B-Application
Tech	I-Application
is	O
the	O
parent	O
company	O
of	O
applications	O
such	O
as	O
ShareChat	B-Application
,	O
Moj	O
and	O
Moj	O
Lite	O
+	O
(	O
TakaTak	O
)	O
.	O
</s>
<s>
ShareChat	B-Application
's	O
holding	O
company	O
,	O
Mohalla	B-Application
Tech	I-Application
Pvt	O
Ltd	O
,	O
was	O
incorporated	O
in	O
January	O
2015	O
by	O
three	O
IIT	O
Kanpur	O
graduates	O
—	O
Ankush	O
Sachdeva	O
,	O
Bhanu	O
Pratap	O
Singh	O
and	O
Farid	O
Ahsan	O
.	O
</s>
<s>
Initially	O
,	O
ShareChat	B-Application
primarily	O
worked	O
as	O
a	O
content	O
sharing	O
platform	O
,	O
without	O
any	O
scope	O
of	O
users	O
generating	O
their	O
own	O
content	O
.	O
</s>
<s>
In	O
April	O
2016	O
,	O
ShareChat	B-Application
enabled	O
user-generated	O
content	O
creation	O
on	O
its	O
platform	O
,	O
allowing	O
its	O
users	O
to	O
share	O
their	O
own	O
posters	O
and	O
creative	O
content	O
.	O
</s>
<s>
The	O
key	O
people	O
at	O
the	O
hierarchy	O
of	O
ShareChat	B-Application
include	O
Ankush	O
Sachdeva	O
(	O
co-founder	O
and	O
Chief	O
Executive	O
Officer	O
)	O
,	O
Farid	O
Ahsan	O
(	O
co-founder	O
and	O
Chief	O
Operating	O
Officer	O
)	O
,	O
and	O
Bhanu	O
Pratap	O
Singh	O
(	O
co-founder	O
and	O
Chief	O
Technical	O
Officer	O
)	O
All	O
of	O
the	O
co-founders	O
featured	O
in	O
Forbes’	O
30	O
under	O
30	O
Asia	O
2018	O
.	O
</s>
<s>
In	O
the	O
wake	O
of	O
the	O
ban	O
on	O
TikTok	B-Application
by	O
the	O
Indian	O
government	O
in	O
June	O
2020	O
,	O
ShareChat	B-Application
launched	O
the	O
similar	O
Moj	O
app	O
.	O
</s>
<s>
In	O
September	O
2020	O
,	O
ShareChat	B-Application
raised	O
$40	O
million	O
from	O
investors	O
Dr.	O
Pawan	O
Munjal	O
of	O
Hero	O
MotoCorp	O
,	O
Ajay	O
Shridhar	O
Shriram	O
of	O
DCM	O
Shriram	O
,	O
Twitter	B-Application
,	O
SAIF	O
Partners	O
,	O
Lightspeed	O
Ventures	O
and	O
India	O
Quotient	O
.	O
</s>
<s>
By	O
April	O
2021	O
ShareChat	B-Application
had	O
raised	O
$500	O
million	O
from	O
investors	O
and	O
was	O
valued	O
at	O
over	O
$2	O
billion	O
.	O
</s>
<s>
In	O
May	O
2022	O
,	O
ShareChat	B-Application
raised	O
$300	O
million	O
from	O
Google	B-Application
,	O
Times	O
Group	O
and	O
Temasek	O
Holdings	O
at	O
a	O
valuation	O
of	O
$5	O
billion	O
.	O
</s>
<s>
In	O
March	O
2019	O
,	O
Mohalla	B-Application
Tech	I-Application
acquired	O
Transversal	O
Tech-owned	O
short	O
video	O
sharing	O
platform	O
,	O
Clip	O
.	O
</s>
<s>
Sharechat	B-Application
parent	O
company	O
also	O
bought	O
MX	O
TakaTak	O
from	O
Times	O
Internet	O
Group	O
for	O
$700	O
million	O
in	O
one	O
of	O
the	O
biggest	O
acquisitions	O
of	O
2022	O
.	O
</s>
<s>
On	O
April	O
17	O
,	O
2019	O
,	O
ShareChat	B-Application
took	O
down	O
around	O
half	O
a	O
million	O
pieces	O
of	O
content	O
and	O
removed	O
54,000	O
accounts	O
for	O
spreading	O
fake	O
news	O
,	O
hate	O
speech	O
,	O
spam	O
and	O
conducting	O
coordinated	O
misinformation	O
campaign	O
.	O
</s>
<s>
ShareChat	B-Application
accused	O
Bytedance	O
of	O
copying	O
its	O
design	O
:	O
Helo	O
,	O
another	O
social	O
media	O
platform	O
that	O
was	O
owned	O
by	O
TikTok	B-Application
's	O
parent	O
company	O
,	O
Bytedance	O
is	O
one	O
of	O
ShareChat	B-Application
’s	O
competitors	O
.	O
</s>
<s>
Bytedance	O
has	O
been	O
accused	O
by	O
ShareChat	B-Application
of	O
copying	O
its	O
design	O
and	O
UI	O
pixel	O
to	O
pixel	O
in	O
2018	O
.	O
</s>
<s>
Layoffs	O
and	O
rehiring	O
:	O
ShareChat	B-Application
laid	O
off	O
101	O
employees	O
in	O
May	O
2020	O
and	O
since	O
,	O
ShareChat	B-Application
rehired	O
over	O
50%	O
of	O
the	O
laid-off	O
workforce	O
after	O
the	O
launch	O
of	O
its	O
video	O
platform	O
Moj	O
.	O
</s>
<s>
In	O
December	O
2022	O
,	O
ShareChat	B-Application
laid	O
off	O
another	O
5%	O
of	O
its	O
workforce	O
.	O
</s>
<s>
ShareChat	B-Application
app	O
is	O
multilingual	O
social	O
media	O
platform	O
,	O
with	O
180	O
million	O
monthly	O
active	O
users	O
.	O
</s>
<s>
Audio	O
chat	O
rooms	O
:	O
ShareChat	B-Application
audio	O
chatroom	O
is	O
voice-based	O
hangout	O
destination	O
.	O
</s>
<s>
Virtual	O
gifting	O
:	O
ShareChat	B-Application
also	O
offers	O
Virtual	O
Gifting	O
where	O
users	O
can	O
reward	O
their	O
favourite	O
creator	O
or	O
host	O
through	O
digital	O
tokens	O
as	O
a	O
gesture	O
of	O
appreciation	O
for	O
their	O
content	O
.	O
</s>
<s>
ShareChat	B-Application
's	O
app	O
Moj	O
,	O
launched	O
on	O
29	O
June	O
2020	O
,	O
is	O
a	O
short-video	O
platform	O
that	O
emulates	O
the	O
features	O
of	O
TikTok	B-Application
,	O
which	O
was	O
among	O
the	O
apps	O
banned	O
by	O
the	O
Indian	O
government	O
in	O
June	O
2020	O
.	O
</s>
<s>
In	O
a	O
tweet	O
,	O
Ankush	O
Sachdeva	O
,	O
co-founder	O
and	O
CEO	B-Application
of	O
ShareChat	B-Application
,	O
said	O
the	O
app	O
was	O
coded	O
in	O
30	O
hours	O
.	O
</s>
<s>
It	O
has	O
received	O
Google	B-Application
Play	O
Best	O
of	O
2020	O
Awards	O
,	O
as	O
of	O
1	O
December	O
2020	O
.	O
</s>
