How is this startup Rigi ? Heard they're doing 40-45Cr GMV/month and Profitable.

What do you all think of Rigi.?

Only startup that's making meaningful impact with less or no PR

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently. This has been going on for quite some time and they recently did some layoffs too! These are some of the early signs when things start to go wrong. Not sure about their numbers. And even though Indians really love gold it's not an investment. It's a hedge. Let's see what happens in the next 12 months.

https://www.cnbctv18.com/startup/bharatpe-turns-profitable-5-years-after-being-founded-ashneer-grover-rapped-by-delhi-high-court-18420851.htm?amp

- InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions. - The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group. - CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers. - InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform. - Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/inmobi-secures-100-million-debt-to-fund-its-ai-efforts-acquisitions-12819183.html)

https://twitter.com/sumitgh85/status/1695640877207826878?t=eQpa6iR6278_hB-lKctc0g&s=19 "We hired corporate bozos" lmao

Groyyo startup