TECH CRUNCH - ShareChat is reportedly in the final stages of securing ~$50M in new funding, which could result in a valuation cut to below $1.5B. Existing investors like Temasek and Tencent are in advanced talks to participate in the round. The current terms value ShareChat significantly lower than its $4.9B valuation from early last year. The loss-making startup has faced challenges, especially with its foray into the Indian short-video space following the TikTok ban. Despite claiming ~400M users, the company's revenue remains below $65M, leading to workforce reductions and a hunt for funds.