India, July 24 -- Google-backed social media startup ShareChat is planning for a $400 Mn IPO by next year. It crossed Rs.1,000 Cr in operating revenue in FY26 and reported EBITDA and net profitability in the first quarter (Q1) of FY27.

The cash-flow-positive startup has also narrowed its adjusted losses sharply over the past two years, helped by microdramas, which now contribute roughly 25% of its total revenue.

ShareChat's situation was very different a few years ago. The startup was grappling with slowing growth, mounting losses, repeated layoffs and questions over whether it could build a sustainable business beyond chasing scale.

Behind its turnaround has been a series of leadership decisions that reshaped the startup's priorities....