Why Dukaan founders engage in Twitter fights
Their VC funding is drying up, and finding investors for next rounds is proving difficult because of the macroeconomic conditions (apart from glaringly obvious reasons like their hype has died down since it's not 2020 anymore). Twitter has launched Ads Revenue Sharing where users with enough engagement get paid by Twitter. This is Dukaan leadership's last resort to sort of "bootstrap" themselves. The income from Twitter is probably what helped Dukaan become profitable a few days ago. What do you folks think?
FancyChino64
Stealth
a year ago
AITookMyJobToo
Stealth
10 months ago
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Navi Technologies
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