Prior to joining ShareChat, Varghese served as Global President of Wavemaker, a global media network owned by the WPP Group.
Social media app ShareChat’s chief business officer Ajit Varghese has resigned from the company. This comes less than a month after ShareChat’s parent company Mohalla Tech shut down virtual sports and laid off around 115 employees.
Varghese joined the company in December 2020. He was tasked with developing strategy and expanding the platform’s revenue efforts with content partnerships.
He oversees the platform’s marketing functions and reports to ShareChat co-founder Farid Ahsan.
“We can confirm that Ajit Varghese has decided to step down from the role of CCO at ShareChat after a successful tenure of 2.5 years. Moj is a trusted advertising channel among marketers in the industry,” a ShareChat spokesperson said.
The spokesperson added, “He has put together a strong team that is well-positioned to take it to the next level. We are grateful to those who have been instrumental in our growth over the past two years for their efforts and achievements. We wish Ajit all the best in his future endeavours.”
Prior to joining ShareChat, Varghese served as Global President of Wavemaker, a global media network owned by the WPP Group. He has over 25 years of experience in leading large business transformations and building diverse and successful businesses in the media, creative, digital, information, content, sports and performance industries.
Mohalla Tech’s final valuation was $4.9 billion. Some of its notable investors include Google parent Alphabet, Temasek Holdings, Twitter, Lightspeed Venture Partners, Elevation Capital, India Quotient and Morningside Venture Capital.
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