Sabne paise bana liye. IQ also got a 50x exit 🫠

Private Equity

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

Welcome to Indian Startups's Private Community

Thoughts on Sharechat

Finance Consultant

Thoughts on Sharechat- Grapevine

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?

Software Engineer

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% 🚨

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

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

Software Developer

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.

Analyst

Why are they still able to raise debt💀

Sharechat

Welcome to News Discussion's Private Community

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

Sharechat in deep trouble

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 and Meesho are merging. Common investor Elevation Capital brokering the deal.

Program Manager

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?

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

Investor

Hey all, I am interviewing at Sharechat and wanted to know how healthy is the startup. It is always in news for wrong reasons like heavy losses or founders exiting or something. Is this stable?

Sharechat reviews

Tech Lead

ShareChat: ASK ME ANYTHING

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

Thoughts on Sharechat

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