Sharechat valuation slashed by 60% 🚨
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.
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Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.
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 s...
https://www.moneycontrol.com/news/business/sharechat-closes-16-million-fundraise-while-firing-up-to-5-of-workforce-12786137.html#google_vignette