In the second part of our analysis, we look at food delivery, education and media. And how internet businesses won’t grow without a macroeconomic shift.
ShareChat made an interesting confession this year. “In hindsight, we overestimated the market growth in the highs of 2021 and underestimated the duration and intensity of the global liquidity squeeze,” the Bengaluru-based company said in an email to its employees in January. Last valued at $5 billion, the short video-sharing platform had just laid off 20% of its workforce.
In recent months, similar statements have been made by several venture capital investors and startup founders. Amid the ongoing venture funding crunch, investors are increasingly admitting that startup valuations are inflated and that almost everybody bought into unrealistic growth stories in …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses across India and the Middle East—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Dubai
Saif is a writer and co-founder at The Morning Context. He has worked across technology, strategy and business functions during his career. Saif has extensive experience in e-commerce, working with companies such as Snapdeal and LG Electronics in India. He currently works at an edtech startup in Canada. At The Morning Context, he focuses on e-commerce and retail and writes the stories that matter.
Writer
saif@mailtmc.com
Toronto