The Ledger
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Sachdeva: Delhi High Court ordered ByteDance to stop scraping ShareChat
“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.”
Lunia: ShareChat has a $100M+ ARR and will break even in 12 months
“They have already like a hundred million, Plus revenue run rate will break even in 12 months.”
Lunia: Lendingkart, Sugar, Oakter, and ShareChat are lined up for IPOs
“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…”
Sachdeva: ShareChat micropayment revenue has surpassed its ad revenue
“It is now crossed. In fact, because it started later, but it is now crossed because it's growing much faster.”
ShareChat founders launched with a ₹50L check instead of corporate jobs
“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…”
ShareChat users organically run micro-businesses like apparel sales and astrology consultations
“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…”