there was a time in 2019 when they were written off as closing down soon. but, in the last 4yrs, they have proved to stand firmly strong. not really by good business or people practices, but, when things are terrible, they have the team or person to always do the rescue. lets see what happens this time.

Lol they just fired half of that resilient team

Strategy & Operations

Investor

I like their product though. And use it almost daily.

Product Owner

Software Engineer

Simpl looks good to me, are you sure about this?

Product Manager

Simpl is now two companies. One with the checkout product, another with the BNPL product you see on Swiggy/Zomato. 
 The former is in shambles.

Both being run separately? Any insight on checkout one?

Program Manager

Growth Manager

Simpl needs to get on swiggy , Amazon Flipkart ola uber Asap . Good product and use case makes payments journey shorter will help you out in times of cash crunch month end days before salary drops . It's basically free money just take it and don't return it they can't even do anything if lots of us do it company can go bust in a day .

Most of these enterprises have partnered with other banks to provide pay later services which is equivalent to simpl, and less costly for them

Software Developer

Anyone having concrete reasons that they gonna die?

Founder

heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.

Welcome to Indian Startups's Private Community

SIMPL in Crisis?

SIMPL in Crisis?- Grapevine

they laid off around 30-40% of their strength.

Layoffs in simpl.

Senior Product Designer

Welcome to News Discussion's Private Community

Hi Grapeviners, creating a thread where you can post the name of a toxic culture company along with which department. 

This thread is created as a one stop place to know about Toxic Culture Companies whether it, Early/Seed/Growth Stage/MNC . 


#community

List of Companies to avoid - short reasons welcome

Putting this again

Most YC funded startups 
Most *.ai 
All “Ed-techs” (aka “SalMa” sales and marketing) 
Uber-for-X 
10min-thingmajings 
Niche funded D2Cs 
BNPLs

Second round of layoffs at simpl within a month☠️

No future for BNPL in India?? 🤔

The move comes less than a month after the Bengaluru-based fintech firm let go of about 160 employees, primarily in high-paying roles like engineering and product. While confirming the development, the company clarified that it is not 50 but 30 employees who are subject to the layoff.

BNPL startup Simpl hit by second round of layoffs, cuts 50 more jobs

Layoffs at Simpl🫣

Welcome to Office Gossip's Private Community

This may be a weird observation, but for quite a while now, they've been running this wild promo and selling their products for bizarrely low prices - like a combo of lipsticks for ₹1 (albeit a ₹199 shipping, but that's free on orders above ₹200 - not the best quality, but quite cheap)

Initially they boasted of having over a 100 different shades of lipsticks but now officially list only 25 shades in their website, which leads me to think they're trying to get rid of stock. Is it because they're thinking of rebranding or revamping their lines or is the company in trouble?

Anyone working at GoodGlamm Group? Is the company shutting down or something?

Lawyer

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days

Also Dm if you can refer for sde jobs, thanks

Simpl Layoffs

Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)

Welcome to Product Managers's Private Community

GoTo is going to launch a BNPL product with TikTok soon. As a PM what are some things that you would do for something like this to succeed?

To PMs: What do you think about BNPL?

How Simpl doing when compared to Slice? Does this sector really work(BNPL)? Is leadership inspirational in that company?

Question on Simpl

- Nearly 150-200 direct-to-consumer (D2C) brands have entered offline retail channels and quick-commerce platforms over the past 2 years.
- Since 2016, over 600 D2C brands have launched, receiving more than US$ 4 billion in investment over the past 3 years, despite recent funding challenges.
- The India D2C market, valued at US$ 16.9 billion in FY23, is projected to grow at a CAGR of 38%, reaching US$ 61.3 billion by FY27.
- Brands like Beyoung and Pee Safe are aggressively expanding their physical retail presence, with Beyoung planning 100 new stores by March next year and Pee Safe already in 25,000 retail outlets across 100 cities. 

 Source: [IBEF](https://www.ibef.org/news/nearly-150-200-direct-to-consumer-brands-entered-offline-retail-channels-over-the-past-2-years)

D2C Brands Expand Offline Amid Funding Challenges

Journalist

Welcome to Business Roles's Private Community

What are the shortcomings of BNPL or bill credits as a business model in your experience?

Which companies have overcome these shortcomings and are making BNPL or bill credit work as a business?

I request you to please share rational points and don't just rant about BNPL in India.

BNPL or bill credit business models: how to make them work?

Hard-core banglorean here.  

Seen dunzo grow from when it was a WhatsApp group in Indiranagar to when it became a verb. What happened to dunzo? 

Call it not understanding what I have read or just plain lazy,  I am not able to fathom what happened to a company that was the OG of its industry and grew with 0 marketing and solely on the product and how it happened. 

Anyone care to simplify it and explain?

SIMPL in Crisis?

Discover More

Layoffs on

by Kendall Lee

Unnamed

Layoffs in simpl.

News Discussion on

by Jordon Gabriel

Razorpay

List of Companies to avoid - short reasons welcome

Indian Startups on

by Dezi Carmden

Stealth

Layoffs at Simpl🫣

Office Gossip on

by Jordon Everett

Independent Law Practice

Anyone working at GoodGlamm Group? Is the company shutting down or something?

Indian Startups on

by Matilda Dean

PhonePe

Simpl Layoffs

Product Managers on

by Dezi Lee

Gojek

To PMs: What do you think about BNPL?

Office Gossip on

by Isaiah Gabriel

Stealth

Question on Simpl

News Discussion on

by Kendall Lee

Grapevine

D2C Brands Expand Offline Amid Funding Challenges

Business Roles on

by Jordon Denver

Startup

BNPL or bill credit business models: how to make them work?

Indian Startups on

by Anise Hyrum

Stealth

Dunzo for dummies.