Latest news with #ShareChat
Time of India
2 days ago
- Business
- Time of India
ShareChat appoints Neha Markanda as its new chief business officer
ShareChat ( Mohalla Tech ), India's homegrown social media company, has announced the appointment of Neha Markanda as its chief business officer for ShareChat and Moj platforms. In her new role, Markanda will spearhead the company's revenue strategy, accelerate business growth and strengthen partnerships with stakeholders across the country. Markanda joins ShareChat from Google India , where she served as head of industry, e-commerce, leading strategy across multiple verticals and delivering consistent market growth. She also spearheaded Google India's health strategy and was instrumental in driving business transformation and AI solutioning across both retail and health tech sectors. With over 22 years of experience and deep expertise in the Indian market, Markanda brings a proven track record in building brands, setting marketing narratives, driving revenue growth, nurturing client relationships and leading high-performing teams. A business leader known for her ability to identify growth opportunities and navigate change with agility, her career spans both consumer products and technology, including senior roles at Meta (Facebook) as head of business marketing, GSK Consumer Healthcare, PepsiCo, ITC and HCL Technologies. Markanda's appointment comes at a pivotal time for ShareChat. With a combined monthly active user base of over 325 million across ShareChat and Moj, the platforms offer unmatched reach and deep regional engagement, providing marketers with a powerful channel to connect with audiences across India. Commenting on the appointment, Ankush Sachdeva, chief executive officer and co-founder, ShareChat and Moj, said, 'We are delighted to welcome Neha Markanda as our chief business officer. Her extensive experience, expertise at brand building, deep understanding of problems that marketers face, the way brands measure return on spends and proven ability to deliver business growth make her an invaluable addition to our leadership team. With her expertise, we aim to strengthen our position as the preferred platform for brands to connect with India's diverse and vibrant audiences. We're confident Neha will be instrumental in driving our next phase of growth, enhancing operational excellence, and creating long-term value for all stakeholders.' Speaking about her new role, Markanda said, 'I am thrilled to join ShareChat at such an exciting juncture in its journey. The Company's scale, reach, and regional resonance is unmatched, thereby offering advertisers an opportunity to strengthen their cultural connect, partner with trusted regional creators and plan for the always on hyperlocal engagement. I look forward to working with the talented teams here to further enhance our offerings and support the business growth ambitions of our partners. I am super stoked about contributing to the company's mission of empowering local content creators and connecting India through its language and culture.'
Entrepreneur
15-07-2025
- Business
- Entrepreneur
Former ShareChat Exec Shashank Shekhar Eyes USD 4 Mn for AI Learning Startup
The startup, still in stealth mode, is expected to go live later this year. While the name remains undisclosed, insiders suggest that the model bears resemblance to Seekho, a career-focused edtech platform. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Shashank Shekhar, former Head of Content Strategy and Operations at ShareChat, is set to launch a new AI-powered learning startup, with a USD 4 million funding round currently underway, according to two individuals familiar with the matter. "Peak XV Partners is leading the round with participation from a few early-stage institutional and angel investors," one source revealed, requesting anonymity. "Shekhar has been quietly building this for the last few months and has early prototypes in place." The startup, still in stealth mode, is expected to go live later this year. While the name remains undisclosed, insiders suggest that the model bears resemblance to Seekho, a career-focused edtech platform. Shekhar has a notable track record in the content and tech space. After leading ShareChat's content team from 2016 to 2018, he co-founded Circle Internet, a hyperlocal information startup. ShareChat acquired Circle in 2020, after which Shekhar rejoined the platform as a senior executive until his resignation in March 2025. "The round is expected to close in the coming weeks. The startup is likely to use the capital to expand its AI and product team, continue development and prepare for an initial rollout," added another source. Though Seekho is seen as a direct competitor, platforms like YouTube Shorts and Instagram may pose indirect challenges through creator-driven educational content targeting similar audiences.
Time of India
25-06-2025
- Business
- Time of India
WFH scam: Woman loses Rs 27 lakh; 2 others duped in similar frauds
Representative Image MANGALURU: A woman fell prey to an online WFH scam, losing nearly Rs 27.01 lakh. In a complaint, she said that on June 11, while she was watching Instagram reels, an advertisement claiming "Work From Home" appeared through a link. Interested, she clicked on the link, which opened a WhatsApp chat. A message was received stating "Global Part Time Job," offering Rs 120 per task for liking content on ShareChat, with a potential earning of Rs 5,000 per day for completing 20 tasks. Following this, she completed 20 tasks on the first day and received Rs 320 credited to her bank account. You Can Also Check: Mangaluru AQI | Weather in Mangaluru | Bank Holidays in Mangaluru | Public Holidays in Mangaluru Encouraged by the initial payout and the promise of further profits, she proceeded to transfer money in phases between June 13 and June 20, from her bank account, as well as from the accounts of her father, sister, and husband. In total, she alleged that Rs 27.01 lakh was transferred to various bank accounts. However, when she failed to withdraw the invested amount, and failed to get any clarification, she approached the police. A case was registered at CEN Crime Police Station. In a similar scam, another victim reportedly lost Rs 9.88 lakh. On May 22, the complainant received a WhatsApp message under the name Ishika Joshi, containing a link. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Birla Evara 3 and 4 BHK from ₹ 1.75 Crore* Birla Estates Learn More Undo Upon clicking the link and giving 5-star ratings to some movies, Rs 150 was credited to the complainant's account. Later, Naveen Aurora, who introduced himself as data tutor, contacted the complainant on Telegram. He said that by paying a task fee of Rs 5,000, the complainant would be added to a Telegram group and sent a link. Using that link, on May 22, the complainant transferred Rs 5,000. In this group, the complainant was persuaded to invest Rs 53,000 in US Copper, a foreign share market, with promises of high returns. Believing this, the complainant went on investing. When the complainant inquired about the profits from Aurora on the group, he responded saying that the complainant mistakenly clicked on "UK Copper" instead of "US Copper." He instructed the complainant to complete a "repair task" to recover the amount. As part of this, Rs 8 lakh was transferred. Further, Aurora stated that only after depositing an additional Rs 8.50 lakh to complete "Level 2" would the full amount be refunded. At this point, the complainant became suspicious and checked with the banks. Following this, a complaint was filed at the Mangaluru Rural Police Station. WhatsApp account hacked In Udupi, a woman lost Rs 20,000 after WhatsApp account was allegedly hacked. Veena stated in a complaint that on June 16, she received a WhatsApp message from a doctor's number, urgently requesting a payment of Rs 45,000. Believing it to be genuine, she transferred Rs 12,000 and Rs 8,000 from different bank accounts. Later, when she was asked to transfer an additional Rs 25,000, she grew suspicious and called the doctor, who then informed her that his WhatsApp account had been hacked. A case was registered at Byndoor Police Station.
Entrepreneur
17-06-2025
- Business
- Entrepreneur
Gaurav Jain Steps Down as ShareChat's Chief Business Officer
In the interim, the company's Chief Financial Officer, Manohar Charan, will take over business operations. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gaurav Jain, Chief Business Officer of ShareChat, has decided to step down from his position. In the interim, the company's Chief Financial Officer, Manohar Charan, will take over business operations. Charan was recently promoted to the role of Co-founder, marking his growing importance in the company. Jain joined ShareChat in October 2022. Before this, he worked at Snap as Head of APAC Business Expansion and served for three years as Head of Mid-Market Business at Meta India. This leadership change comes after a series of key exits in 2023, including ShareChat's co-founders Bhanu Pratap Singh and Farid Ahsan stepping down from executive roles, though they remain on the board. Earlier this year, the company also laid off 5% of its staff during its annual performance review. Despite internal changes, ShareChat's performance has remained strong. The company reported INR 718 crore in revenue for FY24, up 33% from INR 540 crore in FY23. Advertising revenue also grew 23% year-on-year to INR 315 crore, driven by growth in mid-market and FMCG sectors. Last year, ShareChat raised USD 65 million through debt funding. Its investors include X (formerly Twitter), Lightspeed, SAIF Partners, and Alkeon Capital.
Time of India
16-06-2025
- Business
- Time of India
ShareChat CBO Gaurav Jain steps down amid leadership shakeup
Amid a string of high-profile exits at vernacular social media platform ShareChat , Gaurav Jain , the chief business officer, is also set to leave the company. 'Today, we shared internally that I'll be moving on from ShareChat and Moj in the coming weeks," Jain said in a LinkedIn post on Monday. Jain, who heads ShareChat's monetisation efforts across functions, joined the company in 2022. Prior to this, he held leadership roles in companies like Google, Meta and Snapchat. Jain's departure will mark the third high-profile exit from ShareChat this year. On February 20, ET reported that Anurag Verma, the company's head of people and culture and Shashank Shekhar, senior director of content strategy and operations, left the company. In an interaction with ET, cofounder and chief financial officer Manohar Singh Charan said that Jain is currently serving his notice period and is in the process of finding his replacement. Live Events 'At a leadership level, this was discussed some time back, and we had kickstarted the process for finding his replacement, and that is at a very advanced stage now,' said Charan. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The departures also come amid a period of workforce reductions at the Google-backed company. On January 16, ET reported that ShareChat had laid off around 30-40 employees, or 5% of its workforce, as part of cost-cutting measures and was aiming to reduce its employee count to 500 by March 2025. Prior to that, in August, it let go of about 40 employees following a $16 million debt financing round led by Singapore-based EDBI. Founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan, ShareChat competes with platforms such as Instagram and YouTube. In 2023, Singh and Ahsan left the company to launch General Autonomy, an industrial robotics startup that secured $3 million in funding from India Quotient and Elevation Capital in November of that year. For the fiscal year ended March 2024, Mohalla Tech, the parent company of ShareChat and Moj, reported an operating revenue of Rs 718 crore.
