The party for this one is going to end one day.

Software Engineer

Digital Marketing Manager

Why are they still able to raise debt💀

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Sharechat

Sharechat- Grapevine

Byju’s manages to raise more capital… yet again 👀

Corporate Strategist

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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

What will happen to BYJUs/Sharechat type companies?

Analyst

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

Growth Manager

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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?

Crisis in ShareChat?

Database Administrator

Why raise debt for an AI startup instead of equity? Anyone knows why it’s better?

Product Manager

India's short video apps have all but abandoned their social commerce and live commerce plans and most of them are bleeding users

The Social Media Wasteland: What Happened To India’s Short Video Brigade?

Sharechat in deep trouble

Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work? 

I mean won't this mean all equities of byju's will now be with VCs?

Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work?

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

How bad are things in Sharechat?

I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?

The fundraise is an extension of its convertible debt round in which it has already raised $49 million from Tencent and existing investors such as Lightspeed

Sharechat closes $16 million fundraise while firing up to 5% of workforce

Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.

Medikabazaar - Another B2B fraud found

Business Analyst

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

Software Developer

Sharechat raises 50M USD via Convertible Debentures from existing investors. The picture isn't as rosy as what it seems. Plus, twitter bio suggests that they are now positioning as an AI powered content platform? Welcome to the peak AI era. Time to jump off the AI bandwagon when normies start chanting AI AI AI.

Sharechat valuation slashed by 60% 🚨

What could they do to undo this downward spiral?

How long before Byjus runs out of funds?

Welcome to Software Engineers's Private Community

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Data Scientist

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How safe is credMint ? I am planning to move some of my funds due to ~9% return.

Sharechat

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