SquishyQuokka

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.

8mo ago

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DerpyBoba

Stealth8mo

What's there current valuation?

SquishyQuokka

Gojek8mo

@Noctus 2B USD.

TwirlyTaco

Gojek8mo

2B is too much for company that provides no value

PeppyCoconut

Stealth8mo

Finally a correction, should be much lower. All of these are stressed assets, will see a lot more of these deals.

Paper prices to tank soon.

SquishyQuokka

Gojek8mo

@DFV Good for the economy.

PeppyCoconut

Stealth8mo

Absolutely great for it. India's private market return capabilities need a reality check.

BouncyCupcake

Stealth8mo

Your answer to your previous post is this post :

https://share.gvine.app/yFrHCPuHDiPTxmZa7

Because as Indian you know the ground reality behind all the glitzy numbers and fancy charts 🫡

SquishyQuokka

Gojek8mo

@Borosil_Carrier This is what I call post inception 😂

FluffyCoconut

Zepto8mo

@salt Sharechat has been positioned as an AI first company way before AI hype. We are one of the few companies based out of the subcontinent taking part in various global Recsys related events. Infact we have been building our AI team globally since the last 3/4 years.

JumpyMarshmallow

Google8mo

Convertible debentures skirt the whole issue of valuation so its at least smart on their end

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