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.