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

Investor

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

Now when you be paying freshers 30L plus.

Founder

UX/UI Designer

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

Software Developer

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.

Software Engineer

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

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

Welcome to News Discussion's Private Community

Sharechat in deep trouble

Analyst

Sharechat in deep trouble- Grapevine

Welcome to Indian Startups's Private Community

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

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?

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?

Product Manager

Welcome to Product Managers's Private Community

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

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?

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

Sharechat 3rd layoff

Why are they still able to raise debt💀

Sharechat

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.

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

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 ?

Sharechat layoff

Growth Manager

Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months

dealshare layoff 90% staff

Project Manager

Any chance of layoffs in swiggy in the technology department?

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

Thoughts on Sharechat

Finance Consultant

ShareChat: ASK ME ANYTHING

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% 🚨

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 in deep trouble

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