New Delhi, Nov. 4 -- Mohalla Tech, the company that operates social-media platform ShareChat, short-video app Moj and mobile streaming platform Quick TV, trimmed its operating losses further by 58% in the last financial year, a top executive said.

The Bengaluru-based social media startup that is backed by marquee investors such as tech giant Google, Singapore state-owned investment firm Temasek and American investment firm Tiger Global, reported adjusted EBITDA loss of Rs 91 crore (around $9.6 million) in FY26, Manohar Charan, co-founder and chief financial officer of ShareChat, said in a call with the media.

In the year before, it had cut its adjusted operating losses by 72% to Rs 219 crore. Adjusted Ebitda is reflection of earnings before interest, taxes, depreciation, and amortization of the business without adding non-cash expenses.

"In FY26, we achieved cash flow breakeven in the middle of that year. The first quarter of FY27 was the first ever quarter of EBITDA positivity for us," said Charan. "In the first two quarters, we've already generated Rs 9.5 crore EBITDA profit. We are confident of generating Rs 25 crore for the full year."

Mohalla Tech's revenue also reported a 40% increase in its revenue to Rs 1,016 crore in FY26, up from Rs 723 crore in FY25, which hadn't moved up much from the year before.

Sharechat generates revenue from advertising and livestreaming, and recently added subscription as well.

Currently, the startup is operating at an annual revenue run rate of Rs 1,500 crore. "We've already done about Rs 740 crore of revenue in the first half of FY27, and that is where I am gaining my confidence that we will cross Rs 1,500 crore for the rest of the year," Charan said.

Micro-drama delivers

The growth comes on the back of the startup's diversification and doubling down on the micro-dramas segment, which it launched in 2025. Its micro-drama vertical monetises short-form storytelling which is distributed both as ad-supported, free-to-watch content on its two platforms Sharechat and Moj, and as a subscription-based model over its QuickTV app.

Subscription revenue, driven by its micro-drama app QuickTV and through Moj+, contributed Rs 293 crore in its first full year. Its ad-revenue dropped by 13.1% during the year, owing to the hit taken by the real-money gaming companies.

"In FY27, actually our ad revenue has started ramping up in a meaningful way," he said. The increased micro drama consumption on Moj and ShareChat-which is currently at 1 billion episode at a day is helping drive the ad revenues.

"After a few years of strategic discipline, we have turned the corner in our path to profitability... Now, we are EBITDA positive, generating cash, and funding the next phase of growth entirely from our own cash flows," said Ankush Sachdeva, Co-founder and CEO, Mohalla Tech in a release.

Entry into short videos

The company ventured into short-video format after the Indian government banned Chinese app TikTok in 2020. It subsequently acquired Times Internet-backed MX Taka Tak in 2021. ShareChat's last fundraising, of $40 million this September from various investors including existing ones such as Twitter, Lightspeed Ventures and SAIF Partners, was to deepen the reach of its short video app Moj.

The startup, operated by Mohalla Tech Pvt. Ltd, was founded by Sachdeva, Bhanu Pratap Singh and Farid Ahsan. Singh and Ahsan left the company in 2023. The company is also backed by EDBI, The Times Group, Alkeon Capital, Moore Strategic Ventures (MSV), Harbourvest, India Quotient, Mirae-Naver Asia Growth Fund, Snap and Elevation Capital.

Published by HT Digital Content Services with permission from VC Circle.