“Bhanu and Farid believe that all the critical business functions they are owning are now in steady hands and have decided to step down from their active roles in the company,” Sachdeva said in the mail. “They would, however, continue to be a guiding force for the company and stay on the board.”
Ahsan was chief operating officer of ShareChat<\/a> while Singh was chief technology officer.
Bhanu, Farid and I started ShareChat 8 years ago right out of college with a dream of building India’s largest cont… https:\/\/t.co\/pojWGC6wCC<\/p>— Ankush Sachdeva (@AnkushSach)1674648273000<\/a><\/blockquote><\/div>
Singh’s role as CTO will be handled by Gaurav Bhatia, who is currently senior vice president of engineering, while Ahsan’s role as COO will be handled by CFO Manohar Singh Charan, a company spokesperson told ET.
Charan has become one of the most senior executives at the firm, people aware of the day-to-day operations at the firm told ET. In comparison, Ahsan has been spending less time on day-to-day operations since at least last year, they added.
Both Ahsan and Singh hold 4.2% stake each in Mohalla Tech<\/a>, the parent firm of ShareChat, according data from Tracxn, a data platform for privately-held startups. Sachdeva also holds 4.2% in the firm, as of June 2022.
Bhanu & Farid believed that this would be the right time for them to step down from their active roles in the compa… https:\/\/t.co\/o979wOTYDq<\/p>— Ankush Sachdeva (@AnkushSach)1674648274000<\/a><\/blockquote><\/div>
Sachdeva in the mail said that over the last few months, the company onboarded several senior leaders in engineering, finance, human resources and content operations, who Singh and Ahsan helped in “getting ramped up and becoming well-equipped in steering the company going forward”.
“We have a lot to accomplish in ShareChat and Moj and I am confident we have the right team to build our future,” said Sachdeva who founded the firm with Ahsan and Pratap Singh in 2015.
Mohalla Tech<\/a>, which also houses short-video app Moj, sacked around 500 employees, or about 20% of its staff,<\/a> earlier this month. This amounted to more than 500 people losing their job at the Bengaluru-based firm in the latest round of layoffs. In December 2022, it sacked at least 100 after it shut down its fantasy gaming vertical Jeet11, ET had reported.
Explaining the rationale behind fresh job cuts, Sachdeva had said to staff, “In hindsight, we overestimated the market growth in the highs of 2021 and underestimated the duration and intensity of the global liquidity squeeze.”
ShareChat also saw its chief commercial officer (CCO) Ajit Varghese leaving the firm in December<\/a> after a little over two years with the company. Earlier this month, Kishore Acharya<\/a>, Sharechat's group marketing head, moved on from the organisation <\/a>after more than two years.
In June last year, Mohalla Tech had raised $255 million in funding from Google and others<\/a>, after which it was valued at $5 billion.
The funding followed Mohalla Tech’s acquisition of MX Media-backed MX TakaTak, which was owned by Times Internet Ltd (TIL), the digital arm of the Times Group that also publishes ET. As a result of this deal, the Times Group is an investor in ShareChat.
The acquisition resulted in a combined entity, Moj-ShareChat’s short-video app and MX TakaTak, comprising 100 million creators and over 300 monthly active users. ShareChat's Moj competes with VerSe Innovation's short-video app Josh. Google is a common investor in both Mohalla Tech and VerSe Innovation.
In December 2021, it had raised $266 million<\/a> from investors such as Alkeon Capital, Temasek and HarbourVest.<\/body>","next_sibling":[{"msid":97335618,"title":"Air-to-ground communications: Spectrum allocation splits telecom players","entity_type":"ARTICLE","link":"\/news\/air-to-ground-communications-spectrum-allocation-splits-telecom-players\/97335618","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"97316347","title":"SC Founders .","entity_type":"IMAGES","seopath":"tech\/startups\/sharechat-founders-farid-ahsan-and-bhanu-pratap-singh-to-step-down-from-active-roles\/sc-founders-","category_name":"ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step down","synopsis":"MohallaTech founders (L-R) Bhanu Pratap Singh, Farid Ahsan and Ankush Sachdeva","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-48912\/97316347.cms?width=150&height=112","link":"\/image\/tech\/startups\/sharechat-founders-farid-ahsan-and-bhanu-pratap-singh-to-step-down-from-active-roles\/sc-founders-\/97316347"}],"msid":97335650,"entity_type":"ARTICLE","title":"ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step down","synopsis":"Sharechat cofounders Bhanu Pratap Singh and Farid Ahsan will step down from their active roles at the social media platform, cofounder and CEO Ankush Sachdeva told staff in an internal email. His note said that both Singh and Ahsan will remain on the company's board.","titleseo":"telecomnews\/sharechat-cofounders-farid-ahsan-and-bhanu-pratap-singh-to-step-down","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2023-01-26 07:34:29","lastupd":"2023-01-26 07:35:12","breadcrumbTags":["sharechat","Farid Ahsan","mohalla tech","Bhanu Pratap Singh","kishore acharya","Ankush Sachdeva","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/sharechat-cofounders-farid-ahsan-and-bhanu-pratap-singh-to-step-down"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-01-26" data-index="article_1">
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Farid ShareChat合伙人Ahsan并寻找普拉塔普辛格下台
Sharechat合伙人Bhanu普拉塔普辛格和法Ahsan将辞去其积极的角色在社交媒体平台,联合创始人兼首席执行官Ankush Sachdeva告诉员工在内部邮件中。报告说,辛格和Ahsan仍将在公司董事会。
ShareChat联合创始人法Ahsan和辛格·巴努·普拉塔普将辞去他们在乡土社会媒体平台活跃角色开始八年前,创始人兼首席执行官Ankush Sachdeva在一个内部邮件告诉员工。
“寻找和法认为,所有的关键业务功能现在他们拥有稳定的手,决定辞去其积极的角色在公司里,“Sachdeva邮件中说。然而,“他们会继续成为导向力为公司和留任董事会。”
Ahsan首席运营官ShareChat尽管辛格是首席技术官。
Farid Bhanu是我开始ShareChat 8年前的大学梦想的建筑印度最大的续…https://t.co/pojWGC6wCC
——Ankush Sachdeva (@AnkushSach)1674648273000
辛格作为首席技术官的角色将由Gaurav Bhatia,谁是目前工程的高级副总裁,而Ahsan作为首席运营官的角色将由首席财务官浇冷水查兰,公司发言人告诉等。
Charan已经成为了公司最资深的高管之一,人们意识到日常运营的公司告诉ET。相比之下,Ahsan一直在日常操作上花费更少的时间至少从去年开始,他们补充说。
Ahsan和辛格各持有4.2%的股权Mohalla科技的母公司ShareChat,从Tracxn显示数据,民营企业的数据平台。Sachdeva公司还持有4.2%,截至2022年6月。
Bhanu &法认为,这将是正确的时间为他们下台的活跃的角色那么…https://t.co/o979wOTYDq
——Ankush Sachdeva (@AnkushSach)1674648274000
Sachdeva邮件中说,在过去的几个月里,公司在几个高级领导人在工程、金融、人力资源和内容操作,辛格和Ahsan帮助在“加大,成为指导公司未来”装备精良。
“我们有很多完成ShareChat Moj,我相信我们有正确的团队建立我们的未来,“说Sachdeva创立这家公司Ahsan和普拉塔普辛格在2015年。
Mohalla科技房屋,也短视频应用Moj,解雇了500名员工,约占员工的20%,本月早些时候。这相当于500多人失去工作在Bengaluru-based公司最新一轮的裁员。2022年12月,它解雇了至少100年关闭其幻想游戏垂直Jeet11等报道。
解释背后的基本原理新鲜裁员,Sachdeva对员工说,“事后看来,我们高估了市场增长在2021年的高点和低估了全球流动性紧缩的持续时间和强度。”
ShareChat也看到了它的首席商务官(CCO)特Varghese去年12月离开公司经过两年多的公司。本月早些时候,基肖尔AcharyaSharechat集团市场总监,从该组织经过两年多。
去年6月,Mohalla科技从谷歌和其他公司筹集了2.55亿美元的资金之后,它被价值50亿美元。
资金跟着Mohalla科技收购MX电视网;MX TakaTak,属于时代网络有限公司(直到),数字时代的手臂集团也发布等。由于这个协议,在ShareChat时代集团是一个投资者。
收购导致合并后的实体,Moj-ShareChat短片的应用和MX TakaTak,包括1亿年的创造者和每月超过300活跃用户。ShareChat Moj与诗竞争创新的视频应用乔希。谷歌是一种常见的投资者Mohalla科技和创新节。
2021年12月,它已经筹集了2.66亿美元从投资者如Alkeon资本、淡马锡和HarbourVest。
ShareChat<\/a> cofounders Farid Ahsan<\/a> and Bhanu Pratap Singh<\/a> will step down from their active roles at the vernacular social media platform they started eight years ago, cofounder and CEO Ankush Sachdeva<\/a> told staff in an internal email.
“Bhanu and Farid believe that all the critical business functions they are owning are now in steady hands and have decided to step down from their active roles in the company,” Sachdeva said in the mail. “They would, however, continue to be a guiding force for the company and stay on the board.”
Ahsan was chief operating officer of ShareChat<\/a> while Singh was chief technology officer.
Bhanu, Farid and I started ShareChat 8 years ago right out of college with a dream of building India’s largest cont… https:\/\/t.co\/pojWGC6wCC<\/p>— Ankush Sachdeva (@AnkushSach)1674648273000<\/a><\/blockquote><\/div>
Singh’s role as CTO will be handled by Gaurav Bhatia, who is currently senior vice president of engineering, while Ahsan’s role as COO will be handled by CFO Manohar Singh Charan, a company spokesperson told ET.
Charan has become one of the most senior executives at the firm, people aware of the day-to-day operations at the firm told ET. In comparison, Ahsan has been spending less time on day-to-day operations since at least last year, they added.
Both Ahsan and Singh hold 4.2% stake each in Mohalla Tech<\/a>, the parent firm of ShareChat, according data from Tracxn, a data platform for privately-held startups. Sachdeva also holds 4.2% in the firm, as of June 2022.
Bhanu & Farid believed that this would be the right time for them to step down from their active roles in the compa… https:\/\/t.co\/o979wOTYDq<\/p>— Ankush Sachdeva (@AnkushSach)1674648274000<\/a><\/blockquote><\/div>
Sachdeva in the mail said that over the last few months, the company onboarded several senior leaders in engineering, finance, human resources and content operations, who Singh and Ahsan helped in “getting ramped up and becoming well-equipped in steering the company going forward”.
“We have a lot to accomplish in ShareChat and Moj and I am confident we have the right team to build our future,” said Sachdeva who founded the firm with Ahsan and Pratap Singh in 2015.
Mohalla Tech<\/a>, which also houses short-video app Moj, sacked around 500 employees, or about 20% of its staff,<\/a> earlier this month. This amounted to more than 500 people losing their job at the Bengaluru-based firm in the latest round of layoffs. In December 2022, it sacked at least 100 after it shut down its fantasy gaming vertical Jeet11, ET had reported.
Explaining the rationale behind fresh job cuts, Sachdeva had said to staff, “In hindsight, we overestimated the market growth in the highs of 2021 and underestimated the duration and intensity of the global liquidity squeeze.”
ShareChat also saw its chief commercial officer (CCO) Ajit Varghese leaving the firm in December<\/a> after a little over two years with the company. Earlier this month, Kishore Acharya<\/a>, Sharechat's group marketing head, moved on from the organisation <\/a>after more than two years.
In June last year, Mohalla Tech had raised $255 million in funding from Google and others<\/a>, after which it was valued at $5 billion.
The funding followed Mohalla Tech’s acquisition of MX Media-backed MX TakaTak, which was owned by Times Internet Ltd (TIL), the digital arm of the Times Group that also publishes ET. As a result of this deal, the Times Group is an investor in ShareChat.
The acquisition resulted in a combined entity, Moj-ShareChat’s short-video app and MX TakaTak, comprising 100 million creators and over 300 monthly active users. ShareChat's Moj competes with VerSe Innovation's short-video app Josh. Google is a common investor in both Mohalla Tech and VerSe Innovation.
In December 2021, it had raised $266 million<\/a> from investors such as Alkeon Capital, Temasek and HarbourVest.<\/body>","next_sibling":[{"msid":97335618,"title":"Air-to-ground communications: Spectrum allocation splits telecom players","entity_type":"ARTICLE","link":"\/news\/air-to-ground-communications-spectrum-allocation-splits-telecom-players\/97335618","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"97316347","title":"SC Founders .","entity_type":"IMAGES","seopath":"tech\/startups\/sharechat-founders-farid-ahsan-and-bhanu-pratap-singh-to-step-down-from-active-roles\/sc-founders-","category_name":"ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step down","synopsis":"MohallaTech founders (L-R) Bhanu Pratap Singh, Farid Ahsan and Ankush Sachdeva","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-48912\/97316347.cms?width=150&height=112","link":"\/image\/tech\/startups\/sharechat-founders-farid-ahsan-and-bhanu-pratap-singh-to-step-down-from-active-roles\/sc-founders-\/97316347"}],"msid":97335650,"entity_type":"ARTICLE","title":"ShareChat cofounders Farid Ahsan and Bhanu Pratap Singh to step down","synopsis":"Sharechat cofounders Bhanu Pratap Singh and Farid Ahsan will step down from their active roles at the social media platform, cofounder and CEO Ankush Sachdeva told staff in an internal email. His note said that both Singh and Ahsan will remain on the company's board.","titleseo":"telecomnews\/sharechat-cofounders-farid-ahsan-and-bhanu-pratap-singh-to-step-down","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2023-01-26 07:34:29","lastupd":"2023-01-26 07:35:12","breadcrumbTags":["sharechat","Farid Ahsan","mohalla tech","Bhanu Pratap Singh","kishore acharya","Ankush Sachdeva","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/sharechat-cofounders-farid-ahsan-and-bhanu-pratap-singh-to-step-down"}}" data-news_link="//www.iser-br.com/news/sharechat-cofounders-farid-ahsan-and-bhanu-pratap-singh-to-step-down/97335650">
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