ShareChat raises $49 million at 60% valuation cut
ShareChat knows that this is the company’s last attempt at a turnaround. It is unlikely that investors will buy ShareChat’s story after this and the company will receive more funding; so the business needs to start sustaining itself soon.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Internet
You may also like
Pocket FM’s model doesn’t need humans
Multiple former employees of the audio series startup have been complaining about a gruesome and callous work culture. A deeper look suggests that this dynamic may be the result of the business model itself.
Pocket FM faces multiple legal complaints in the US
At least 10 former contractual workers of the audio series startup are alleging employment violations in the state courts of California.
Valuation concerns and strategic missteps hinder Ambani’s Jio outcome
Ahead of its IPO, the mobile telephony leader is down to playing catch-up with Airtel. What should investors expect?
