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Hey I am on Medial • 1y

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.)

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