Ankush Sachdeva made 17 unsuccessful attempts at starting a business before his 18th attempt, in which he teamed up with his two IIT-educated friends, Farid Ahsan and Bhanu Singh, to create the Sharechat app. The app was launched in October 2015.
Ankush Sachdeva, the founder of ShareChat, is a well-known name today, but he experienced 17 business failures before achieving success with ShareChat. The company’s triumph can be attributed to Sachdeva’s recognition of the need for a vernacular social media platform that could connect users in smaller towns and cities in India. Facebook and other platforms were not user-friendly in these areas due to the complexity of the English language.
Mohalla Tech Private Limited, which is the holding company of ShareChat, was established in January 2015 as a social networking platform for Indian audiences. The platform is currently available in 15 languages, including Hindi, Malayalam, Gujarati, Marathi, Punjabi, Telugu, Tamil, Bengali, Odia, Kannada, Assamese, Haryanvi, Rajasthani, Bhojpuri, and English.
Ankush Sachdeva completed his senior secondary schooling at Somerville School before enrolling at IIT Kanpur in 2011 to pursue a Bachelor of Technology (B.Tech.) in Computer Science. He completed his B.Tech. degree in 2015 and interned at Microsoft from May to July 2014.
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Ankush Sachdeva had attempted to start 17 different startups, but unfortunately, none of them succeeded. However, on his 18th attempt, he collaborated with his two IIT friends, Farid Ahsan and Bhanu Singh, to create the ShareChat app which was launched in October 2015. ShareChat quickly gained popularity due to its focus on vernacular content and has since become a well-known social media platform in India.
ShareChat, with its headquarters located in Bangalore, is led by Ankush Sachdeva who serves as the CEO of the company. ShareChat has a massive user base of over 350 million monthly active users spread across 15 Indian languages. The company also boasts a workforce of more than 2500 employees.
As of June 2022, ShareChat is valued at around 5 billion dollars, which is equivalent to more than Rs 40,000 crores.
Ankush Sachdeva’s story is inspiring because he never gave up on his dream of building a successful business. Despite facing 17 failures, he persisted and eventually founded ShareChat with his two friends, which is now valued at over $5 billion. Ankush Sachdeva’s perseverance and resilience are evident in the success of ShareChat, which is a testament to his vision and hard work. His story is a reminder that failure is a part of the journey, but with determination and a willingness to learn, success is achievable.