Sharechat valuation slashed by 60% 🚨

Are they dying a slow death? Is it going to create any value in the long term or just founders make some money via secondaries and chill in life

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

Heard on Twitter that social media app ShareChat is going BUST. - At ~$42m revenue, it's valued at 120x rev - ~95m DAU in rural India - Founders cashed out $10m in secondaries. Is this true?

Heard they have just few months of runway left. Is this true?

What is the probability of generating significant wealth (1-5Cr) by working at startups(Both US headquartered and India headquartered) in India? Is Generating wealth through ESOPS normal thing in India or very few lucky ones make such money? Do you know guys who have made significant money by working at startups? If yes, what parameters one should look for while identifying such startups?

Will these cash burning companies just continue raising money and biding time or will they implode soon? Not well informed on this, genuinely want to know how this works And what happens to their 1000s of employees

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?

Stupid Ways to make money 💰 that shocked you