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PocketFMย โขย 1y
Sharechat spent 4000 Cr+ to earn 533cr in rev. What is their future? Have heard from sources that the company is majorly cash-strapped and might go bust in less than two years unless they get acquired or raised at a seriously lower valuation.
Hey I am on Medialย โขย 1y
๐ฅต
Is this public information? If yes then why don't investors do an audit to figure out what revenue model is being followed? What's the end game?
Iโm sure they will find ways to monetize their massive userbase somehow someday. And when they do, theyโll be unstoppable.
NAย โขย 1y
Everything is a copy of a copy of a copy of a copy of a copy of a copy of a copy....Tyler Durden.
I Think they have no future , what will they get by sending those snaps to your friends . Once people realise it it's over
โWe spend to growโ- a great founder whose $47B company collapsed a month back :P
Amazonย โขย 1y
Idk what the outcome will be for Sharechat but the founders are truly exceptional. Listen to them in any podcast or interview. They really knew what they were doing.
They had spent a fortune in acquiring influencers in the rat race that started after the ban of TikTok. Reels got everyone without much spend. The power of a larger audience is widely underestimated.
Swiggyย โขย 1y
Iโm sure they have started looking for buyers.
Meeshoย โขย 1y
Itโs hard to make a social media platform but you have to give it to Ankush and team who have managed to create such a large platform in India. Their users might not be valuable now but eventually they will be as Indiaโs per capita GDP rises.
Haha, I remember when Sharechatโs last round happened of approx $500M, sharechat had said in the media that they are going to hire 1000 engineers. Fast forward, they fired 600 people a few months back xD
Sharechat is the peak example of what happens when founders are delusional.
Atlanย โขย 1y
Moj has drowned too. Copying an existing model despite huge players with distribution available was never going to work. Reels is the biggest winner in India and then shorts.
Uberย โขย 1y
India is a simple DAU farm. Specially if you are building for tier 2 and tier 3 audience who donโt have any money to spend.
Itโs one of Indiaโs biggest successes. Give them time and Iโm sure their turn large profits.
The founders kept selling the next billion users story. Look at them now.
They will be acquired by Google. Itโs a pretty well known rumour in the ecosystem.
Start upย โขย 1y
Soon they are going to bankrupt
I had heard that they are raising in a downround which might make them end up below a billion dollar valuation.
Flipkartย โขย 1y
Two co-founders of ShareChat have left to start their own startup leaving their CEO alone to handle this sinking ship.
Engineers in India as good as US ...
'We Indians have had it far easie ...
'We couldโve built WhatsAppโ: Sab ...
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