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.
Talking product sense with Ridhi
9 min AI interview5 questions
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.
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 🫡
@Borosil_Carrier This is what I call post inception 😂
@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.
Convertible debentures skirt the whole issue of valuation so its at least smart on their end