Mohalla Tech, the company behind India’s vernacular social media platforms ShareChat and Moj, is planning to raise up to $400 million through a public market listing in 2027. The move comes after the company reportedly hit operational profitability for the first time, a milestone that transforms the IPO pitch from “trust us” to “look at the numbers.”
Mohalla Tech achieved operational profitability in Q1 of the fiscal year that began in April 2026, according to CFO Manohar Charan, who pointed to positive unit economics as the foundation for the company’s public market ambitions.
From cash burn to IPO candidate
The company raised $266 million back in 2021 at a $3.7 billion valuation, riding the peak of the late-pandemic tech funding frenzy. It followed that up with another $255 million raise in 2023, a round that came during a much colder fundraising climate.
CEO Ankush Sachdeva has previously signaled IPO readiness within a 12-to-24-month window. A $400 million raise would represent a meaningful liquidity event for the company and its roster of investors who backed it during the private market years.
