Any Indian startups doing well currently ?
Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. Just yesterday Oslash announced it’s shutting down its app. Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.
Discover More
Curated from across
Indian Startups on
by DelayedRam
Stealth
Devalued startups. How are you doing?
Lately many of the startups faced valuation cuts. Baron Capital cut Swiggy by 40%, Blackrock and Pepsis cut Byju’s by 70%, SoftBank cut Oyo by 70%. Just to name a few. Everything about Byju’s is very much present here on grapevine. I’m curious to know about others, not limited to the ones named above. How’s your organization doing these days?
Probably, there is no VC-funded unicorn in India that is likely to stand the test of its private valuation in a public market
https://www.livemint.com/companies/start-ups/the-era-of-easy-money-unpacking-the-nuances-of-india-s-startup-ecosystem-and-the-challenges-ahead-for-unicorns/amp-11688057748187.html