ShareChat, India’s Meta rival, plans $400 million IPO next year

ShareChat, the Indian social media and short-video platform, is planning a USD 400 million IPO over the next four to five quarters. The company has turned operationally profitable in Q1 FY27, with annual revenue crossing Rs 10 billion (about USD 105 million) and growing over 30 percent at an annualized pace of Rs 14 billion. Its micro-drama business, with about 65 million monthly viewers and 700 million daily episode views, is a key growth driver.