15 October 2024
Mohalla Tech Private Limited, the parent of social media platform ShareChat and short video app Moj, has launched a social media app ‘Vibely’ to connect with new users. The launch of the new app is part of the efforts of Mohalla Tech to cut down its losses by shoring up revenue. While ShareChat is yet to file its financial statements for FY24, the sources said that it is likely to report a revenue of INR 700 Cr as against INR 540 Cr in FY23
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