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Anonymous

Stealth • 6m

Share valuation just dropped by > 60%. From 5B to 2B. Goes to show that you can’t make money (yet) from tier 2 and tier 3 India even if you have a lot of users.

https://medial.app/news/sharechat-valuation-drops-to-under-dollar2-billion-post-new-funding-37d0410b14d7f

8 replies20 likes

Replies (8)

Anonymous 4

Stealth • 6m

Sad. 😔 Indian social media without a Moat shouldn’t have been this big in the first place in my opinion. Classic Silicon Valley dilemmas highest valuation mei uthao phir value create karna bhul jao.

1 replies2 likes

Anonymous 3
•

Atlan • 6m

Their co-founders also left. Now the CEO is alone sailing a sinking ship.

1 replies2 likes

Anonymous 2

Stealth • 6m

Won't be surprised if they get acquired by Google in a year or two.

1 replies2 likes

Anonymous 1

Stealth • 6m

No worries. Valuations are temporary. They will bounce back. Indian tier 2 and 3 are becoming richer every year and as per capita GDP rises, Sharechat will make a lot lot of money.

1 replies3 likes

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