ShareChat's valuation has drastically dropped to below $2 billion from almost $5 billion in a recent funding round, showcasing a significant decline despite its large user base.
Despite a successful year of cost reduction and revenue doubling, ShareChat's valuation suffered a markdown, emphasizing the challenging market conditions.
ShareChat's strategy of focusing on profitable growth by leveraging content recommendations and AI talent without spending on user acquisition has been pivotal in its recent operations.
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