Google-backed social media startup ShareChat crossed ₹1,000 crore in operating revenue in FY26 and reported EBITDA and net profitability in Q1 of FY27, according to inc42.com. The cash-flow-positive company is planning a $400 million initial public offering (IPO) by next year, marking a major milestone in its financial turnaround.
ShareChat’s turnaround followed a series of leadership decisions that reshaped its priorities. The startup focused on fewer, bigger bets rather than chasing every opportunity in India’s social media market. It tightened spending, doubled down on artificial intelligence, and expanded microdramas, which now contribute roughly 25% of its total revenue. The launch of Moj, its short video platform, was a rapid response to the 2020 ban on TikTok and other Chinese apps, with the product ready within 30 hours, according to inc42.com.
The company’s shift from slowing growth and mounting losses to profitability highlights a broader trend in India’s social media sector, where startups are focusing on sustainable business models. ShareChat’s approach contrasts with earlier strategies that prioritized scale over profitability. Its success with microdramas and AI integration positions it alongside other Indian tech firms that are balancing growth with financial discipline.
ShareChat’s reported EBITDA and net profitability in Q1 FY27 and its plan for a $400 million IPO next year represent concrete markers of its progress. The company’s revenue crossing ₹1,000 crore in FY26 underscores its financial strength as it prepares to enter public markets, according to inc42.com.