ShareChat announces Rs 140-crore ESOP buyback; 200 employees eligible

Mohalla Tech, which operates social media app ShareChat and short video app Moj, on Friday announced its maiden ESOP buyback program worth USD 19.1 million (about Rs 140 crore). The company had recently raised over USD 500 million, taking its valuation to USD 2.1 billion.

“Nearly 200 existing and former employees with vested options are eligible to participate in this process,” a statement said. ShareChat has also revised the existing vesting schedule.