Now Reading: Mohalla Tech revenue up 40% in FY26, eyes late-2027 IPO
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Mohalla Tech revenue up 40% in FY26, eyes late-2027 IPO
The Story in Brief
Mohalla Tech, parent of ShareChat, Moj and QuickTV, reported a 40% rise in operating revenue to Rs 1,016 crore in FY26 from Rs 723 crore in FY25, driven by its micro-drama app QuickTV. The company turned Ebitda-positive in Q1FY27 and expects to close FY27 with Ebitda of nearly Rs 25 crore. Co-founder and CFO Manohar Charan told Business Standard the firm could evaluate an IPO between October and December 2027, subject to filing based on FY27 results.
QuickTV generated Rs 293 crore in subscription revenue in its first full year without burning cash, Charan told CNBC-TV18. Daily micro-drama consumption grew 6.5 times in 12 months to over 1 billion views. Advertising revenue fell nearly 13% to Rs 250 crore in FY26, but subscriptions and livestreaming now make up 75% of total revenue. The company expects ad revenue to accelerate in the festive season. However, loss before tax widened to Rs 1,978 crore in FY26 from Rs 1,105 crore, attributed by the company to accounting expenses on convertible debt, forex losses and ESOPs, the Economic Times reported.
Mohalla Tech is funding growth from internal cash flows and says it is not burning cash to chase scale. The company has posted four consecutive quarters of positive cash flow. It aims for six consecutive quarters by March 2027.
Indian Opinion Analysis
All three outlets report the same headline figures, 40% revenue growth, Rs 1,016 crore in FY26, and the late-2027 IPO timeline, producing uniform straight coverage of the financial turnaround. Business Standard and CNBC-TV18 emphasise the micro-drama-driven profitability and cash flow positivity, while the Economic Times alone highlights the sharp widening of loss before tax to Rs 1,978 crore, attributing it to non-cash accounting items. The balanced picture: operating metrics have improved markedly, but statutory losses remain large on paper. The company expects those losses to reverse when convertible instruments convert to equity. Mohalla Tech will report FY27 results before any potential IPO filing.
Coverage: 3 sources, 3 neutral
Sources (3): business-standard.com (neutral report), cnbctv18.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 5 November 2026: this story now draws on 3 sources.
