Sharda was born in Perth, Australia to Hema Sharda (Director of South Asian Relations at the University of Western Australia), and Nalin Kant Sharda (Professor of Computer Science at Victoria University). Her parents are from Delhi, her father is Punjabi. Both her parents are IIT alumni and have PhDs in science and engineering. They migrated to Australia in the 1980s before she was born. Sharda came to Melbourne as a toddler where she grew up in the outer north-western suburbs. She went to school at Lowther Hall in Essendon where she obtained an academic scholarship and commenced her LLB and BA (Media & Communications) & Diploma in Modern Languages (French) at the University of Melbourne, at the age of 16 and graduated with honours. Sharda shifted base from Melbourne to Mumbai in 2010.