Business
Rising Travel Costs: How to Maximize Your Experience on a Tight Budget
Traveling in 2023 has become a luxury that few can afford, as hotel and Airbnb prices have skyrocketed by up to 54% and 35% respectively since the start of the pandemic. And it’s not just the rising costs that are making vacations more stressful: rule books, chore charts, and shrinking amenities are just a few of the inconveniences travelers are facing and let’s not forget about airline prices, which rose 47% from January to June of last year and are predicted to continue climbing through the spring and summer.
But don’t lose hope just yet. Even with these financial obstacles, there are still ways to make travel possible. By being resourceful, intentional, and willing to embrace budget hacks, you can still have a fulfilling and enjoyable trip.
Start by taking advantage of airline points and seeking advice from travel agents, who can help you find deals and plan a memorable vacation. With a little effort and creativity, you can make the most out of your travels without breaking the bank.
Business
ShareChat Secures Nearly $49 Million from Key Investors: Report
ShareChat Secures Nearly $49 Million from Key Investors: Report
SharingChat, a social media site, has secured $48.8 million from its current backers, Temasek and Lightspeed, through convertible debentures.
Citing ShareChat’s regulatory filings, startup news website Inc42 stated on Wednesday that the fundraising round will assist ShareChat in “navigating the path to profitability in the next 12 to 15 months.”
The report also stated that the company is supposedly in talks with investors for a larger equity investment round.
To date, ShareChat has raised more than $1 billion in investment.
It was reported in December of last year that ShareChat planned to raise as much as $65 million from current investors.
The investment round was expected to include participation from current investors like Temasek, Tiger Global, Google, Lightspeed Ventures, and others.
As part of a strategic reorganization, ShareChat let go of 200 workers in December, representing around 15% of its total employment.
Also Read: Sergey Brin Personally Urges Google Employee to Decline OpenAI Job Offer
The decision, according to Mohalla Tech, the parent company of ShareChat and the short video entertainment app Moj, indicates the firm’s commitment to attaining profitability within the next four to six quarters and simplifying its cost base.
ShareChat’s sales increased by 62% to Rs 540.21 crore in FY23, but its net loss increased to Rs 4,064.3 crore from Rs 2,941.5 crore in FY22.
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