Sharechat parent firm Mohalla loss narrows to Rs 1,897 crore in FY24

Homegrown social media platform Sharechat's parent firm Mohalla Tech reduced its consolidated loss to Rs 1,897.63 crore in FY2024 from Rs 5,143.42 crore in FY2023. The company's total income rose to Rs 747.08 crore in FY24. On a standalone basis, the loss shrank to Rs 1,763.65 crore with revenue increasing by 33%.