Current assets of ShareChat FY 2022-2023
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.