Homegrown social media platform ShareChat’s parent firm Mohalla Tech‘s consolidated loss narrowed to Rs 1,897.63 crore in FY2024, according to the company’s financial report shared by Tofler. The company posted a loss of Rs 5,143.42 crore in the financial year 2023 on a consolidated basis. Its total income increased by about 4% to Rs 747.08 crore in the financial year 2024 from Rs 718.75 crore in FY23.
On a standalone basis, Mohalla Tech’s loss narrowed to Rs 1,763.65 crore in FY24 from Rs 4,064.31 crore in FY23.
Its standalone revenue from operations increased by about 33% to Rs 718.1 crore in FY24 from Rs 540.21 crore in FY23.
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The company’s standalone expenses also dropped by about 46% to Rs 2,511.69 crore from Rs 4,693.16 crore on a year-over-year basis.
