Dukaan turned profitable

Isne Twitter post auto trigger pe rakh diya tha. if profit > 0 { postOnTwitter(); } else { initiateLayoffAndCreatePostOnAI(); }

Today kaise? No quarterly monthly yearly recon happens on Oct 31

Profitable hogai hai toh bolo laid off employees ka pichle 1 saal ka salary cut wapas karde. Unka PF and tax ka paisa bharde. Final settlement karde jo abhi tak is insaan ne rok rakha hai.

EBITDA adjusted, jhumla adjusted, AI adjusted, neem haldi tea tree leaves adjusted profitability is not actual profitability.

These guys have dried all the fundings aur inhe ab fresh round of funding chahiye. VCs are not ready to give more funds unless Indian startups start to show some profits. Therefore some startups like Unacademy, Dukaan have started reporting profitable just to raise new round of funding. But, I take his word as a pinch of salt. If I would have been an investor, I would ask big auditors like Big4 to audit their financial statements. Jo Insaan apne customer ko twitter pe mock kar sakta he, apne hard working employees ko bina salary deke nikaal sakta he and then mock kar sakta he, uss insan ke liye financial statement Joomla toh chotti baat he. I don't think it's a real profit. They must have done some financial statement trickery. Just to raise fresh round of funds, they posted this.

They laid off their support team that is why they are profitable

I think they're trying to become default alive, do this for the long term They probably noticed it's not growing as much as expectations, this can be a good way to make sure they turn it into a cash generating business of some scale, over many years

Won’t trust a word this guy says, man mocks customers and that too customers complaining about being payments being held up. Super shady.

https://twitter.com/_swanand/status/1719580451168469334?t=Fvq1FJwMVkrpXxweJN-aCQ&s=19 This was on my twt timeline🤣🤣

Turns profitable by scamming people?

Profitable today means they generated more from sales than what they spend on tools. Dude forgot to account for salaries and administration expenses

Became profitable today? My guess is this is a one-off incident. Also....by how much? Companies today celebrate getting 1 Cr profit on burning 800 Cr. That too not consistently. Absolute shithousery.

What level profitable? EBITDA adjusted, CM1, CM2, etc? It’s all bullshit. Tell me when it is PAT (profit after tax)

They are EBPPTC profitable -Earnings Before Payments Pending To Customers

The entire ecosystem needs to sit tight and build financially prudent businesses. Social media posts dont make money, exits do.

He laid off his entire finance team except the intern and told him- "either you are fired or I am posting a profitability tweet. Now do the calculation."

They recently laid off to bring down the employee cost after they have built majority of their product lines.

Not real profit. These startsup started coining up new terminologies to make sure they look profitable.

Balance sheet adjustment? Non operating income? Provision kuch idhar se udhar Kara?

Dukaan band hone ka time hai ab !!