HomeStartupShareChat To Raise $60 Mn Via Convertible Notes From Google, Lightspeed At...

ShareChat To Raise $60 Mn Via Convertible Notes From Google, Lightspeed At $2.8 Bn Valuation

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  1. ShareChat, previously valued at approximately $4.9 billion, is reportedly in advanced talks to secure funding from existing investors, including Google, Lightspeed, and Temasek, among others.
  2. The funding round is anticipated to amount to around $60 million, facilitated through convertible notes, at a discounted valuation of $2.8 billion, sources familiar with the matter revealed.
  3. In light of increasing losses, ShareChat initiated its second round of layoffs in 2023, resulting in the termination of approximately 200 employees, constituting about 15% of its workforce.
SourceEntrackr

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