ShareChat parent Mohalla Tech reports 33% rise in FY24 operating revenue, 67% fall in Ebitda losses

For the parent firm of the vernacular social media platform ShareChat and short video app Moj, live streaming contributed 56% to total operating income, which grew 41.4% YoY to Rs 403 crore in FY24. The remaining revenue came from advertising, which saw a 23.5% YoY increase to Rs 315 crore.