salt

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.

7mo ago

Noctus

Stealth7mo

What's there current valuation?

salt

Gojek7mo

@Noctus 2B USD.

DeadlyDude

Gojek7mo

2B is too much for company that provides no value

DFV

SaaS7mo

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.

salt

Gojek7mo

@DFV Good for the economy.

DFV

SaaS7mo

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

Borosil_Carrier

Stealth7mo

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 🫡

salt

Gojek7mo

@Borosil_Carrier This is what I call post inception 😂

nocode97

Zepto7mo

@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.