India, July 2 -- Social media unicorn ShareChat is looking to raise up to $400 Mn through an initial public offering (IPO) planned for next fiscal year.

Manohar Charan, the cofounder and CFO of ShareChat parent Mohalla Tech, told Bloomberg in an interview that the startup is targeting a public listing over the next four to five quarters.

"Our unit economics has now turned positive. We will aim to list over the next four or five quarters," Charan was quoted as saying.

Mohalla Tech, which also operates short video platform Moj and subscription-based microdrama app QuickTV, became operationally profitable in Q1 FY27, the CFO added.

According to Charan, the startup's platforms command about 65 Mn monthly microdrama viewers, with users con...