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Post on Medial

Anonymous

Stealth • 8m

What caused the sharp decline in valuations for ShareChat and hike both previously valued at over $3 billion and now below $1.5 billion in recent funding rounds? ShareChat's failed wager on the Indian short-video space amid the TikTok ban has forced a hunt for funds and prompted the markdown. (In late 2020 and early 2021, X explored buying ShareChat in a $2 billion deal, TechCrunch exclusively reported earlier.)

9 replies20 likes

Replies (9)

Sachin Sk

Stealth • 8m

Instagram, More quality content is available for free on other platform.

0 replies3 likes

Anonymous 6

Stealth • 8m

Sharechat proved to everyone that India is a DAU farm far from monetization.

1 replies5 likes

Anonymous 5
•

Meesho • 8m

They thought more users = more money but most of their users were tier 2 and tier 3 users who could never pay for subscriptions or buy things from ads. That's where they failed to monetise and fell in problem.

1 replies5 likes

Anonymous 4

Stealth • 8m

I still believe there is a lot to explore in this sector, we have just started learning to monetize audiences, it’s still a REALLY early phase, where most % of people are JUST receiving a phone (if not most, at least a significant amount) we want the US social media after effects too soon. But still tho, i wouldnt even expect the US startups adoption so fast. We were setting the wrong expectations from a very long time. Including founders.

0 replies3 likes

Anonymous 3

Stealth • 8m

Over raising funds.

0 replies3 likes

Anonymous 2

Stealth • 8m

They missed out the chance when they had it. If they did not have any working plans to monetize their users. The stall to struggle was unnecessary af. Now with the reliance help they might go back to existing

0 replies3 likes

Anonymous 1

Stealth • 8m

I think this the one trend I’ve seen with consumer internet, you see scale, reach and impact, the best thing is to get acquired. Once that train leaves, the station looks pretty empty.

0 replies4 likes

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Copying western products doesn’t work. Koo is in shambles too. If both ShareChat and Koo fail, social media is over for Indian startups.

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