ShareChat to monetize user base after 2-3 years

By Garima Bora

Oct 06, 2018

04:10 pm

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What's the story

The regional content-based social media platform Sharechat plans to monetize its user base after 2-3 years. Sharechat recently got series C funding of $100mn. "Presently we've an active user base of 25mn of 60mn. We plan to grow it to 100 mn," said Sunil Kamath, Chief Business Officer, Sharechat.

Details

Won't charge users, will earn through ads, payment transactions: Kamath

On his plans, Kamath said, "We'll not charge the users but earn through advertisements, payment transactions, and sponsored campaigns." Talking of his user base, Kamath said Telugu clocked the maximum number at 5mn while Bengali was at 2.1mn. "Sharechat doesn't have any English content, but is a purely vernacular-based social media platform in 14 regional languages," Kamath said, adding, it's somewhat similar to Instagram.