Google and Twitter-backed ShareChat’s co-founders Bhanu Pratap Singh and Farid Ahsan have stepped down from executive roles at the company, the firm’s chief executive officer Ankush Sachdeva said in an internal note on Wednesday.
This comes a week after Mohalla Tech Pvt Ltd, the parent company of homegrown video-sharing platforms ShareChat and Moj, laid off 20 per cent of its workforce, comprising around 500 employees.
“After nearly eight years of building ShareChat to unicorn status and beyond, Bhanu (Pratap Singh) and Farid (Ahsan) have chosen to step down from their active roles in the company. ShareChat would not be today the company it is, without their contributions,” said a ShareChat spokesperson. “They will continue to be a part of the ShareChat family with both Bhanu and Farid remaining on the board. In recent years, the company has built a strong leadership team and many of the responsibilit
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