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
Jordon Hyrum
Stealth
2 years ago
Blair Taye
Stealth
2 years ago
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Curated from across
Indian Startups on
by Coy Dean
Navi Technologies
Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.
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
Indian Startups on
by Blair Carmden
Dunzo
More than two years after the post-TikTok hype, the social commerce and live commerce plans by short video apps are in disarray and most of them are bleeding users
India's short video apps have all but abandoned their social commerce and live commerce plans and most of them are bleeding users
https://inc42.com/features/india-short-video-apps-social-media-wasteland/?s=09