ShareChat Plans $400 Million IPO Next Year After Cost-Cutting Turnaround

Indian social media platform ShareChat is targeting a $400 million initial public offering next year, positioning itself as a domestic rival to Meta. The planned listing represents a major turnaround for the company, which has recently returned to profitability. Over the past few years, ShareChat was forced to significantly reduce costs and lay off employees as venture capital funding declined in the post-pandemic period. The IPO signals renewed investor confidence in the platform as it seeks to capitalize on its recovery.