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ShareChat's holding company, Mohalla Tech Pvt Ltd, was incorporated in January 2015 by three IIT Kanpur graduates — Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan. The company is headquartered in Bengaluru, Karnataka, and presently employs over 400 people.

Initially, ShareChat primarily worked as a content sharing platform, without any scope of users generating their own content. In April 2016, ShareChat enabled user-generated content creation on its platform, allowing its users to share their own posters and creative content. At around the same time, it also introduced open tagging for users, which would allow anyone to create their own hashtags depending on the content.

The key people at the hierarchy of ShareChat include Ankush Sachdeva (co-founder and Chief Executive Officer), Farid Ahsan (co-founder and Chief Operating Officer), Bhanu Pratap Singh (co-founder and Chief Technical Officer), Venkatesh Ramaswamy (Vice President - Engineering) and Debdoot Mukherjee (Vice President - Data Science). All of the co-founders featured in Forbes’ 30 under 30 Asia 2018, having been recognized for their work with language-first approach in the social media landscape

Indian language social media startup Sharechat announced its first ESOP buyback of up to $19.1 million worth of vested stock options held by both its existing and former employees. The unicorn said it will "continue to do such buybacks in the future."

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