Indian Startups19mo
by FuzzyMuffinSoftware Developer
FluffyNarwhal
Sharechat in deep trouble
Heard they have just few months of runway left. Is this true?
29mo ago
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QuirkyPotato
Stealth29mo
Lol their Google cloud cost per user is 5x the revenue per user
JazzyBurrito
Google29mo
Damn. Just a few months of runway? That’s insane. Social apps should inherently be easy and light to run
GroovyBoba
Now when you be paying freshers 30L plus.
QuirkyBoba
Porter29mo
from where did you hear this? i don’t think so it’s true
SparklyPancake
Sharechat28mo
No thats not true. From what i know they have extended runway till end of 2024 and might be raising funds at the end of this year.
FluffyNugget
Plivo29mo
They shut live ecommerce thing. Not sure where u hear this
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Curated from across
Indian Startups12mo
by FluffyCupcakeNavi 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?
Indian Startups27mo
by BouncyBobaSoftware Engineer
How bad are things in Sharechat?
lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?
Product Managers30mo
by PrancingTacoDatabase Administrator
Crisis in ShareChat?
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?