ShareChat's adjusted Ebitda losses fall 67% to Rs 793 crore in FY24

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ShareChat's adjusted Ebitda losses fall 67% to Rs 793 crore in FY24 - Business Standard

Quick Summary:

Homegrown social media company ShareChat on Tuesday said its adjusted EBITDA losses fell by 67 per cent year-on-year to Rs 793 crore in FY24, amid 33 per cent growth in revenue.

With improved financial metrics, the company expects to start investing back into growth and is on "actively" lookout for inorganic opportunities through acquisitions.

Organic growth will happen through the expansion of the user base and increasing revenue per user.