How does Sharechat still work financially as an investment? FY24 estimated revenue is 750 cr, FY23 around 500cr.
FY23 losses were around 4K Cr. Server costs itself were 1k Cr in FY23. Negative grosss margins as a social network after 10 yrs being started
I don't understand how are they still able to raise money? Internet penetration has plateaued in India. Jio revolution is 5-6 yrs old now, UPI has made online spending easy. Moj did not replace TikTok. What else is there in the India story to convince investors for a turn around of Sharechat?
I don't a see potential for an IPO. Best case is acquisition, maybe by Snapchat or even by Adani or Jio