ShareChat's Chief Business Officer resigns
Gaurav Jain, who joined ShareChat in October 2022 and helped build up its Ad Sales and B2B Marketing teams, is stepping down as Chief Business Officer. CEO Ankush Sachdeva confirmed the news in a Slack update, mentioning that Jain will stay on until July to help with the transition.
CFO to take over daily operations
While Jain prepares to leave, CFO Manohar Charan—recently named co-founder—will take over daily operations. The company has been through some changes lately, including laying off 5% of staff after a performance review. On the financial side, things are looking up: ShareChat raised $65 million in debt last year and saw its revenue jump nearly 30% in FY24 while cutting losses by over 40%. Despite all the shifts, they're focused on growing stronger in a tough market.