Ajit Varghese, the Chief Commercial Officer of ShareChat, a regional language social media app, has left the company. In a LinkedIn post today, he announced his departure.

He joined ShareChat as CCO in 2020. He was instrumental in driving the company’s revenue growth, and the company experienced 5X growth under his leadership in 2021 and 2022.

He previously served as Wavemaker’s Global President. He was instrumental in propelling GroupM agency Maxus to success with notable clients under its rooster. He left the agency side to try his hand at digital marketing by joining ShareChat.

Ajit Varghese updated his exit from Share Chat on his LinkedIn profile, stating:

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 a 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 this period I had the immense pleasure to work with extremely passionate and entrepreneurial youngsters, forming new connections, evolving 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 a 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.

I wouldn’t have wanted to miss this and have it any other way in the last 2yrs. Joined when ShareChat’s valuation was 650m and now at 5bn. Feeling blessed and lucky to have been at the right place, right time, and right founders.

His resignation comes just days after ShareChat laid off 5% of its workforce and shut down the fantasy gaming vertical Jeet11.

After a short break, Ajit will most likely announce his next move.