ShareChat

“People are already buying and selling stuff on ShareChat. You would see a lot of women women entrepreneurs selling, let's say, salwar kameez, And maybe blouse designs and those kind of things on ShareChat. There's an astrologer on ShareChat selling his service…”

“Of course. I think it's bound to happen. I would see ShareChat as a top of the funnel play that every day millions of users come to ShareChat and each one of them finds a different use case to use ShareChat. Now let's say a trader comes to share chat to find t…”

“So we had invested in in ShareChat four years back and there was no wave of content startups back then.”

“When we had invested at the seed stage what had attracted us to ShareChat was the vision of the founders to build a much larger horizontal platform where entertainment and this entertaining content was a hook to get people started.”

“If you, even if you take the example of Shared guys in 2015, when they started, all of them had freshly graduated from IIT Kanpur. They could have easily got a job of 10, 20 lakh rupees in good, good companies, right? But they decided not to do that and take a…”

“So, and if share chat goes at least three to five times from here, Which I believe it will, because most of the investors who have invested in this round, they believe that.”

“You can't invest in a company like share chat by getting into a consensus, right? So it's impossible, right? Because there was hardly anything there, right? To say that you will basically create a social media company when you have a Facebook, when you have a …”

“So in share chat, our first check, which we had invested that is already multiplied more than 500 times, right?”

“So I think till now we would have invested, I think 10,000,008, eight million dollars or so, right? Eight million dollars. And we would be sitting on, I think. One hundred fifty million dollars or so?”

“There was an opportunity that they had in an internal bridge round that only insiders were doing and we were able to get some allocation there. So that's about a year ago or just about.”

“No, no, we have not sold any shares that I think it's too early for us in the journey, but of course it's one of those where, you know, the valuation has gone up significantly since we invested”

“In a share chat kind of environment, I think the language speakers who are at the bottom of the pyramid are on share chat, right? At least our learning has been that the more top of the pyramid you are, the more you monetize, right? The more bottom of the pyra…”

“They have already like a hundred million, Plus revenue run rate will break even in 12 months.”

“So for example, fund two is marked up at six X, but at 10 X, but six out of that 10 is share chat.”

“So hopefully we'll see Lending Cart and Sugar first. There's a company called Okter. It's a home automation. They build these Paytm sound boxes, the profitable company, electronics outsourcing maybe in 18 months, they'll go a little bit later and maybe in 36 m…”

“They were putting 10 times more money just in marketing compared to our overall monthly bill.”

“We have about, I think, about half a million host, live stream host on the platform. We see the top 25% of them make somewhere around 75,000 to a lakh rupees a month.”

“Within a week of launch, the content that was uploaded every day was more than all the content like posted in the entire history of the product.”

“Today, when you fetch a feed on shared chat and watch, we have about a hundred million candidates, from which we will find the 10, that you're most likely to complete the video watch.”

“I think once while we were on that journey, that incubator journey we got our first check of 50 lakh rupees.”

“We in fact went to Delhi High Court. If you can Google ShareChat versus Hello or ByteDance. In fact, Delhi Highcore told, told them to not do this, not scrape, and in fact, change their app.”

“We would have about 70, 30. 70 men, 30 women.”

“Eventually we came to the conclusion We will not have English as an option and we will only show a content feed. No sort of chatting in the middle. And that is how the current form of shared chat came about.”

“They had no working vocabulary of English, they did not know the language, yet when given an option, they will pick that language. Because of aspirational reasons. And in fact, there was a lot of trust deficit. A lot of these regional language apps in the past…”

“We literally had a protest and stone pelting at our office. In, in Kormangla. That office. And the reason was those guys thought it is some magazine which is publishing content, a joke against the community. So, so people didn't even know what social media was…”

“It takes about one dollar or 80 rupees per DAU per year just to serve the audience. So when you're serving the audience, they're essentially coming to share chat, fetching a feed, consuming videos, commenting, whatever, right? Whatever activity they're doing. …”

“We've managed to cut our burn to by 80%.”

“One of the ways we monetize on ShareChat is, is through live stream gifting, right? It is nothing but status. So for a profile badge around your profile photo, people are willing to pay. When you enter a live stream and you get a Ferrari coming in, a Ferrari a…”

“So we're currently at about a thousand crore annualized revenue.”

“See, I think roughly we split as top hundred million. And the rest of about five hundred million.”

“And even today, most of our AI leadership is out of London.”

“So if you look at our name, it's Mahala Tech Private Limited. That's because our first product was Mahala.in. It was a real estate product.”

“Within one hour, we had a new sort of project spawned in the company called Project Gold Rush. Where we moved the growth team of ShareChat, and we told them that you have to build a short video app in two days. And to my surprise, they built it in 36 hours, or…”

“So you will find somebody out of, Lucknow, Raipur, who's the top gifter or micropayment, customer on a live product. Spending north of five lakh a month.”

“Surprisingly, devotion is number two on, on shared chat. I think we also have a, probably a higher skew towards women than internet audience. And that sort of makes devotion bigger.”

“It is now crossed. In fact, because it started later, but it is now crossed because it's growing much faster.”

“So ShareChat is about one eighty million MAUs. Moj is about one 21 50 million MAUs.”

“October was the first month when our first product, ShedChat, achieved profitability.”