ShareChat appoints Google’s Neha Markanda as CBO

Social media platform ShareChat has onboarded Google’s head of industry and ecommerce Neha Markanda as chief business officer (CBO) for both its ShareChat and Moj platforms.

Markanda will be stepping into Gaurav Jain’s role, who quit ShareChat in June. Entrackr had exclusively reported Jain’s departure on June 16.

In her new role, Markanda will lead the company’s revenue strategy, boost growth and foster ties with stakeholders across India, said ShareChat in a press release. Earlier, she spearheaded Google India’s health strategy while also driving business transformation and AI-led solutions in both retail and health tech.

“Neha Markanda’s expertise at brand building, deep understanding of problems that marketers face, the way brands measure return on spends, and proven ability to deliver business growth make her an invaluable addition to our leadership team,” said ShareChat co-founder Ankush Sachdeva. 

Having more than 22 years of experience, Markanda has previously served as Meta’s head of business marketing for three years. Her career also spans roles in GSK Consumer Healthcare India, HCL Technologies and ITC Limited, among others.

“I look forward to working with the talented teams here to further enhance our offerings and support the business growth ambitions of our partners…,” said Markanda.

Earlier this year, ShareChat went through layoffs, reducing 5% of its workforce as part of a performance review cycle. In 2024, the company raised $65 million in debt across two tranches. It has raised around $1.3 billion from investors including Twitter (now X), Alkeon Capital, Moore Strategic Ventures, and Tencent, among others.

ShareChat's operational revenue increased by 29.9% to Rs 718.1 crore in FY24 from Rs 552.73 crore in FY23. During the same period, the company's losses decreased by 41.4% to Rs 1,898.94 crore.