ShareChat Introduces 'Vibely', A New Social Media App

• Mohalla Tech, parent of ShareChat, launches new social media app 'Vibely'.
• Vibely features private calling and in-app purchases for gifts.
• Launch aims to reduce losses and increase revenue for Mohalla Tech.
• ShareChat's FY24 revenue expected to be INR 700 Cr, up from INR 540 Cr in FY23.
• ShareChat turned EBITDA positive as of September 2024.

Source: Inc42