ShareChat Co-founders Farid Ahsan, Bhanu Pratap Singh step aside from their active roles

Quick Summary:

ShareChat's announcement comes within days after the social media company let go of nearly 20% of its workforce citing cost-cutting measures.

The company’s total losses for FY22 stood at Rs 2,988 crore, while revenue from operations grew 4.3 times annually to Rs 347 crore.

Moneycontrol first reported the development citing an internal note written by CEO Ankush Sachdeva.

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Article Details

Author / Journalist: Payal Ganguly ( )

Category: StartupsEconomyBusiness

Markets: India

Topics: ShareChat Google Tencent Moj Twitter Just In

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 12:07:35 (2 weeks ago)

News Timezone: GMT +8:00

Ranking: #1142 (out of 10018 stories this day)

News Source URL: yourstory.com

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 4773218

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