Ajit Varghese, the Chief Commercial Officer of the regional language social media app ShareChat, has moved on from the company. He announced his exit today in his LinkedIn post.
He joined ShareChat in 2020 as CCO. He played pivotal role in driving the revenue growth of the company and under his leadership company witnessed 5X growth in 2021 and
2022.
Earlier he held the position of Global President at Wavemaker. He was instrumental in driving the GroupM agency Maxus successfully with prominent clients under its rooster. He switch from the agency side to try his hand in digital world by joining ShareChat.
Updated his exit from Share Chat on his LinkedIn handles, Ajit Varghese stated:
An excellent 2 year stint with immense learning, 7X growth, setting up and expanding revenue, marketing and partnership team by 10X, working collaboratively with a great young cross functional team in content, product and tech vertical, 1000+ advertisers on the platform, the confidence from founders to dream big and play long term, opportunity and patience from clients and agencies to work closely to establish new ecosystem of being no.1 player in the “short video space”, post the TikTok ban in India, leverage space of “language audience” of India and creating a new space of “mass market influencer marketing”
Strongly believe that the Phase I ambition that we set out 2yrs back has been achieved and now we have a rock solid team across agencies, clients and SMB to take over the mantle to drive the Phase II of revenue scale up
Over the period I had immense pleasure to work extremely passionate and entrepreneurial youngsters, form new connections, evolve new ways of working, have new learnings (considering my previous 25yrs has been in agency life and I came back to India after 8yrs in global stint), establishing new streams of business for brands to connect with consumers, test newer approaches in marketing, establishing the biggest audio chatrooms opportunity for entertainment sector and brands, etc etc
I wouldn’t have wanted to miss this and have it any other way in last 2yrs. Joined when ShareChat valuation was 650m and now at 5bn. Feeling blessed and lucky to have been at the right place, right time, right founders.
His resignation comes days after ShareChat laid off 5% of employees and ceasing the operations of fantasy gaming vertical Jeet11.
Ajit is likely to announce his next move after a short break.
