A lot of people tried before us as well, but they couldn’t catch the trends.
We just put the conference room here so that we have two separate areas.
This frugality is inbuilt because when you survive on Rs3,000 and you have just one vada pav a day and you can’t take a bath, then the value of money increases fourfold, even fivefold,” said Ahsan.
We usually account for some spike during festivals but this was just crazy,” said Farid Ahsan, co-founder and chief executive officer of Share Chat, run by Mohalla Tech Pvt. “We faced a loss but it was a good learning that the product had found some market fit and we will see some kind of traffic going forward.”Share Chat was founded in January 2015 by Ahsan, Ankush Sachdeva and Bhanu Singh, who studied at the Indian Institute of Technology (IIT) Kanpur, where they were part of a larger group of students prototyping and building software products.
After building products around real estate, crime analysis and debates among others, the three had stumbled onto the fact that Indians wanted content in their own languages and that it was not easily discoverable.
The prospect for this company is to be the leading destination for people who want to consume and share content in all the different Indic languages,” said Dev Khare, partner at Lightspeed India.
“If it succeeds, it’s a company that will have several hundred million users using it every month.
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Local content Share Chat’s potential has attracted investors.
The company has so far raised .35 million in venture capital funding from Lightspeed India Partners Advisors, SAIF Partners, India Quotient and Venture Highway.
While they were working on the debating product, the trio created 600 Whats App groups and found themselves being added to various other groups without their consent, based on what they were sharing.“My full name is actually Mohammed Farid Ahsan, and one day I found that I was added to the Mumbai Shiv Sena group. We realized that the people in these groups only cared about whether they get pictures and videos that they liked, and they would encourage those that posted them,” said Ahsan.