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ShareChat Bags $16 Mn Debt Funding From EDBI, Round Size Increases To $65 Mn

ShareChat Bags $16 Mn Debt Funding From EDBI, Round Size Increases To $65 Mn

Indian social media platform ShareChat has raised funds by issuing convertible debentures to Singapore-based fund EDBI. The startup previously raised $49 million in April from existing investors including Lightspeed, Temasek, and Alkeon Capital. In addition, ShareChat recently downsized its workforce, letting go of around 40 employees due to poor performance.

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Devansh semwal

Devansh semwalEccentric....

My question is why people use this platform , its totally boring

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5

10 months ago

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