Strategic plan includes a sharper focus on key growth areas.
Global Internet technology company SHAREit Group has announced an expansion in the GCC region to strengthen its position.
SHAREit Group’s broad-based operating model has enabled its business network to expand to 150 countries and regions in 45 languages. In order to adjust to the evolving global environment, the company, which leveraged its global development strategy to achieve 220% revenue growth in the fiscal year 2021-2022, is also taking steps to prioritize its innovation efforts around growth opportunities in multiple markets including the UAE, Singapore, Indonesia, Philippines, Pakistan, Bangladesh, and Israel.
Arunabh Madhur, Regional VP & Head Business EMEA at SHAREit Group, said in a statement, “We are strategically positioning our company to effectively support our development strategy and increase value-added offerings for clients. Following an upward trajectory of growth in the fiscal year 2021-2022, we have formulated a series of actions and plans designed to ensure that our company remains well-positioned and appropriately structured for sustainable, long-term advancement in the technology industry."
SHAREit’s file-sharing application also offers multiple tools to optimize the mobile experience, enabling users to be more productive. These include file management, cache cleaning, one-click transfer of game resource packs, phone acceleration, and battery power saving.
“In the new financial year, our focus [is] on growth verticals which include sectors like e-commerce, fintech, retail, banking, crypto, foodtech, and travel. Within the region, we are also focusing on growth markets like Saudi Arabia and Egypt. Our objective will be to ensure that we add massive value and growth to our partners with strong performance solutions in the GCC region,” added Arunabh.
The SHAREit app powered its way to the top spots of the recently revealed AppsFlyer rankings for different categories and regions. According to the 14th edition of AppsFlyer Performance Report released in 2022, SHAREit ranked 4th globally in terms of volume and power rankings within non-gaming categories and 7th in In-App Purchases (IAP) index across all categories.