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ShareChat

Social mediaIndia
✂️ Markdown
Peak $5 BillionToday
~-55%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $5 Billion ’21
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$2.25B
Current status
Down round ~50-60% cut

How it happened

ShareChat is an Indian regional-language social-media platform (parent of short-video app Moj) that hit a ~$5B valuation in 2021. Slowing growth, monetization struggles, and a funding-market reset forced layoffs and a realized down round that cut its valuation by roughly 50-60%, pushing it out of the upper unicorn tier, about a 55% decline from peak.

Source: Inc42