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Sharechat in deep trouble

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

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randomjocke

Porter

2 years ago

from where did you hear this? i don’t think so it’s true
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TheExterminator

Google

2 years ago

Damn. Just a few months of runway? That’s insane. Social apps should inherently be easy and light to run
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Elon_Musk

X.com

2 years ago

Now when you be paying freshers 30L plus.
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incognito

Stealth

2 years ago

Lol their Google cloud cost per user is 5x the revenue per user
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FunnyBones

Plivo

2 years ago

They shut live ecommerce thing. Not sure where u hear this
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Saymyname

Sharechat

a year ago

No thats not true. From what i know they have extended runway till end of 2024 and might be raising funds at the end of this year.
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Curated from across

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Indian Startups on

by Bebo

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Sharechat status

What is the current state of sharechat ? Last i heard, they were not doing well

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Indian Startups on

by Ashneer

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How bad are things in Sharechat?

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

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Product Managers on

by 20GTR

US-based Product Company

Crisis in ShareChat?

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?

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News Discussion on

by Batman42

CleverTap

What will happen to BYJUs/Sharechat type companies?

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

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Indian Startups on

by humanresearcher

Startup

Sharechat 3rd layoff

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

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Indian Startups on

by BronzePotato

Student

Sharechat

Why are they still able to raise debt💀

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Indian Startups on

by Ashneer

CricPe

What all large startups will shut down (fold) over the next 18 months?

Lets collate a list. I will start with a few guesses. 1. Bounce 2. Zepto 3. Sharechat 4. Dealshare please add - lets collate a list and analyse again in 18 months.

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Layoffs on

by LinedCause12

Sharechat

Sharechat layoff

I got to know from a outside ( friend of company director ) they are planning for another round layoff Does anyone have any idea on this ?