The value of current assets such as cash and cash equivalents of the Indian social media platform ShareChat nosedived in the financial year 2023, by nearly 96 percent. Despite significant growth in its operating revenue and total income since the preceding fiscal year, the app burnt through its cash rapidly to a mere 180 million Indian rupees. The vernacular social media app is owned by Mohalla Tech Private Limited, a Google-backed startup.
Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023
(in billion Indian rupees)
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Inc42. (November 21, 2023). Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/
Inc42. "Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023 (in billion Indian rupees)." Chart. November 21, 2023. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/
Inc42. (2023). Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/
Inc42. "Value of Cash and Cash Equivalents Owned by Sharechat for Fiscal Year 2022 and 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 21 Nov 2023, https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/
Inc42, Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/ (last visited January 08, 2025)
Value of cash and cash equivalents owned by ShareChat for fiscal year 2022 and 2023 (in billion Indian rupees) [Graph], Inc42, November 21, 2023. [Online]. Available: https://www.statista.com/statistics/1426014/sharechat-cash-and-cash-equivalents-value/
