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Economic Times

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Image Credit: Economic Times

ShareChat CBO Gaurav Jain steps down amid leadership shakeup

  • Gaurav Jain, the chief business officer at ShareChat, is set to leave the company amidst a series of high-profile exits.
  • Jain, responsible for monetization efforts, joined ShareChat in 2022 and previously worked at Google, Meta, and Snapchat.
  • His departure follows other exits, including Anurag Verma and Shashank Shekhar earlier this year.
  • Manohar Singh Charan, ShareChat's co-founder and CFO, mentioned that the process of finding Jain's replacement is in its advanced stage.
  • ShareChat has undergone layoffs and workforce reductions recently to cut costs, aiming to reduce its workforce to 500 by March 2025.
  • The company had previously laid off employees following a debt financing round and was co-founded in 2015 by Ankush Sachdeva, Bhanu Pratap Singh, and Farid Ahsan.
  • Singh and Ahsan later left ShareChat to start General Autonomy, an industrial robotics startup.
  • In the fiscal year ending March 2024, Mohalla Tech, the parent company of ShareChat and Moj, reported an operating revenue of Rs 718 crore.

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