Mohalla Tech

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<p>When Prime Minister Narendra Modi banned the use of TikTok in India in June 2020, in reaction to a violent border clash with China, Mohalla Tech acted fast. According to cofounder Ankush Sachdeva, it took the company’s coders just 30 hours to build Moj, a short-form video platform that now boasts 160&nbsp;million users. Bengaluru-based Mohalla was already a known quantity: Its ShareChat social media platform, which debuted in 2015, has 180&nbsp;million users across India.</p><p>Mohalla’s last major fundraising round, in 2022, valued it at $5&nbsp;billion. Google and Singaporean sovereign-wealth fund Temasek are among its reported backers. The company’s biggest challenge is its entrenched competition: YouTube and the Meta troika—Facebook, Instagram, and WhatsApp—are all very popular in India and are more experienced at converting user engagement into ad revenue.</p>

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Mohalla Tech

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