Sharechat says adjusted EBITDA losses fell sharply in FY24 to Rs 793 crore

Sharechat, the homegrown social media company, saw a 67% decrease in adjusted EBITDA losses to Rs 793 crore in FY24, while revenue grew by 33%. The company aims for cash breakeven by March 2025 and is exploring acquisitions and a potential IPO in the next 18-24 months. They plan another funding round before the IPO, likely next year.