ShareChat and Moj: Building India's Social Media Company

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Abstract

Founded in 2015, ShareChat scaled by tapping into India’s overlooked regional-language internet users, building a vernacular-first platform designed around content consumption behaviours rather than social connections. Its rapid launch of Moj, within hours of TikTok’s ban, helped the company expand into short-form video. Challenged by deep-pocketed global players such as Meta and YouTube, ShareChat carved out a niche through localised community teams, lean AI-powered recommendations and a hybrid human–algorithm approach to content curation. Yet, monetising engagement in India’s low-ARPU (average revenue per user) environment proved difficult, as ad revenues remained constrained and infrastructure costs continued to rise. By 2025, ShareChat turned cash-flow positive after pruning unprofitable users, reducing customer acquisition costs and scaling microtransactions, among other initiatives. With profitability achieved, the company now faces a strategic choice about how to sustain growth. Should it launch new content formats, or should it focus on new avenues of monetisation?

Additional Information

Product Type Case
Reference No. IS0152
Title ShareChat and Moj: Building India's Social Media Company
Pages 17
Published on Dec 18, 2025
Year of Event 2025
Authors Majumdar, Adrija; Chowdhry, Aryan; Jain, Ishaan;
Area Information Systems (IS)
Discipline Innovation and Entrepreneurship, IT and Systems, Marketing
Sector Telecom and Software
Learning Objective 1 To highlight the process of achieving product–market fit through regional focus and vernacular language strategies, 2 To understand the monetisation challenges in low-ARPU markets, where ad revenue is insufficient to sustain large-scale platforms, 3 To examine how platforms can use AI as a competitive differentiator, especially in recommendation systems that drive engagement, and 4 To analyse the tension between scale, profitability and sustainability in social media.
Keywords Social Media, AI, Monetizing Models, Emerging markets, Platforms, Recommendation Systems
Country India
Organization ShareChat
Courses MBA (PGP)
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