Many companies will go bankrupt between January 2024 and June 2024 : Paytm CEO Vijay Shekhar Sharma
YourStory is India’s biggest and definitive platform for startups and entrepreneurs related stories
https://youtu.be/han8kmiJpn4?si=Yllo393ZUYyNYom8
PresidentBiden
Student
9 months ago
Distrust predictions; even economists err. Avoid armchair experts and celebrity founders' opinions.
Agree. Even though I consider myself a pessimist, such blanket statements without a proper reasoning or data backing it, should be taken with a pinch of salt.
Also, it's from YourStory so, you know it's masala Chai gossip
PresidentBiden
Student
9 months ago
@BladeRunner007 It's reassuring to find someone with a similar perspective. These celebrity influencers are essentially just commentators and armchair experts.
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Yes many companies will get bankrupt in the first half of next year. Mostly companies who raised at unrealistic valuations that don’t have enough traction for even a down round.
SuttaParatha
Student
9 months ago
Cred really needs to pack up it's bag leave the tech space and their legacy behind as the greatest advertising making company ever
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Enjoy this time. There is a brief moment in history where both the next big startup will be made and the big startup will fail in the same time.
Bankruptcy is still going on. Huge Bank getting bankrupt was the next level thing in 2023.
What he talks about cash flow? Why was he chasing GMV before then? What happened to his profitability marketing in stock market
Vegetabledev22
Stealth
9 months ago
He should worry about his paytm stock first and leave the economic forecast to RBI and NITI ayog.
As soon as appraisal cycle comes in , suddenly the market becomes gloomy.
Bro on one hand US talks about decreasing rates to boost economy, but with inflation already high it will be bad. Its a different and confusing time for startup investors too. And whenever there’s confusion, pull the money out. Maybe that could be a reason even good startups struggle to raise. (Technically good startups should not be dependent on raising but nvm)
Not surprising. Question to answer - how big will the graveyard get?
Systemic issue has led to the situation today, founders not being financially prudent + investors pushing for growth at all costs only. Sasta growth nahin chahiye, baiya.
A large audience with low to no monetization possibility the "growth" story of India will come under scrutiny. Large cheque writers have already left the market and if you look at the investing traction in 2023, its mostly seed or early stage, deals aka small cheques.
MightyLazyGeekStar
Stealth
9 months ago
Well with how hiring has been, its only time till scaler now becomes the next byjus
Yeah, all companies that raised capital in early 2022 will run out of runway by early 2024. Usually most startups don't have more than 18-24 months of runway anyways.
Bumpy_Stock
Stealth
9 months ago
Nope. I believe only this guy 👇
Budapest
Stealth
9 months ago
Startups often use the term to attract investors, but some may prioritize fundraising over generating actual profits, essentially relying on continuous investment rather than building a sustainable business model.
Wishee
Student
9 months ago
Interesting how Paytm is down 40%
Generic_Techie
Stealth
9 months ago
This fake smiling fat fuck is not really well-qualified for predicting such matters. Take what he says with a grain of skepticism.
SpicyOpera39
Stealth
9 months ago
So it’s going to be the opposite. VSS’s track record of prediction is horrible
Investor3823
Student
9 months ago
People like him first of all crazily burnt money without building any solid business and then he is talking all these things . He himself is running after names like Kotak to get Paytm acquired
Cant even fix his own house in order hence going with narrative that market is brutal .. who asked to raise at that valuation even in next 5 years it might not reach the ipo price
Brutallyhonest
Stealth
9 months ago
Of course it will be
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