Acknowledging that things aren’t working and returning capital is always the right thing to do. And it takes lots of guts.  
  
 You can still pivot with capital. But it’s like you’re forcefully doing it if your heart isn’t at the right place

Growth Manager

Last time I met him, he was far too bullish on this. Speaking literally of complete domination in the consumer tech space.

normally i wouldn’t believe, but since it’s THE SALT, I trust every word

Business Analyst

It is true. But building anything is the hardest especially in India so, I am impressed that they took a punt at it.

Product Manager

Worked in this space, really difficult to crack especially when distributors are too strong. A truly relationship driven segment.  
  
 Everyone tried becoming Alibaba, ended up becoming baba. Be it Udaan or Dealshare, everyone is struggling.

I am one of the worst critics of what he was building but props to the man.  
  
 Starting anything meaningful is hard and executing is even harder, so respect 🫡

Had an interview with the engineering head last year. All questions were asked on scaling, how to decrease time of APIs . Not a standard question very tough questions and not satisfied with any answer.

Software Engineer

I feel sad for him. Had an offer from them, but decided not to accept it.

Product Owner

Software Developer

They were also paying very well. PM were getting 70lakh ctc

Its tough to build in this space. 
 Retailers hold all the power with so many options being available to them now like distributors, wholesalers, cutting wale distributors/wholesalers, new age apps like udaan, apnamart etc 
  
 You need to be transaction first. And support growth of both sellers & buyers. You cannot base your model off earning from them as in my opinion that has a certain scale limitation if unit economics need to be good. You need to make them earn rather.  
  
 We at badho are trying to build a platform where we take the contrarian approach by going no ops and transaction first. We do not charge either retailers or distributors.

Finance Consultant

I didn't even hear about them and am in B2B space .  
 FYI, SMBs are good paying clients, maybe not huge money but they will never muscle you out . They value relationship equally to value of product.

Human Resources

So long Anar. You had a good run, numbers are astonishing  
  
 Business onboarded: 1.5 million; Sellers: 450k, Buyers: 1.1 million

Founder

Numbers he did not mention: Money burnt and money returned. Tbh, this linkedin post still felt like a marketing post to enable him to raise again. When I spoke with him a year ago he said they were not thinking about monetisation. That they won't think about monetisation for a year. Here we are a year later.

Investor

Accel knew more than a year back that they'll never make money

Program Manager

The whole thesis for this company was unsustainable.   
 IndiaMART is already doing the same thing for the last 20 yrs and has huge huge head start.   
 The problem was who cares about thesis when there is free money floating in the system especially between 2019-2021.   
 Sad but true 🤦‍♂️

Why Anar? Whats with stupid names and startups?

Business Development Manager

They were backed by Elevation and Accel, had raised $7mn Seems like getting transactions to happen was too tough, despite building a network. Getting money out of Indian SMBs, a consistently tough...

Welcome to Indian Startups's Private Community

They were backed by Elevation and Accel, had raised ~$7mn
Seems like getting transactions to happen was too tough, despite building a network. Getting money out of Indian SMBs, a consistently tough model.

Link to post: https://www.linkedin.com/pulse/so-long-anar-farewell-reflection-nishank-jain-oifxf?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

B2B network Anar shuts down

Investment Associate

B2B network Anar shuts down- Grapevine

Welcome to Office Gossip's Private Community

Since I am Done-Zo with Dunzo, AMA anything. Here to spill all the scoop that’s happened.

Ex-Dunzo employee. AMA.

Info Edge Writes Off Entire Investment In Sequoia-Backed Bijnis

https://inc42.com/buzz/breaking-info-edge-writes-off-entire-investment-in-sequoia-tiger-backed-bijnis/

Another startup bites the dust. Sequoia backed Bijnis is dead.

After closure of B2B vertical of Dealshare, will Udaan/Ninjacart/Elasticrun, etc. also close this vertical?
Anyone from these companies who can share some details as to what's going on?

B2B E-Commerce future

A thread:

1.	Over the last 2 months, the Chief Business Officer, Head of Marketing, and Head of Enterprise have been laid off.

2.	CEO has surrounded himself with 3-4 Yes Men/Women who have no expertise in the respective domains that they are currently looking at (being called as Founder’s Office staff – but are basically playing the role of glorified postmen/women)

3.	Rest of the senior leadership has been demoted for all practical purposes and all business decisions are taken in weekend meetings between the CEO, and his close friend (who is also acting as the CBO currently)

4.	Work culture has become so toxic that employees across levels are either looking out or jumping ship or even resigning without offers in hand

5.	There is a ton of investor pressure on the CEO to start showing tangible revenue – classic case of raising money at bloated valuations with no business model in place

Apna is heading for a cliff!

Project Manager

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

What's your anti-startup

Welcome to News Discussion's Private Community

https://inc42.com/features/1k-kirana-bankruptcy-fire-sale-kirana-tech/

1K Kirana shuts down, after raising #36Mn from Info Edge and Alpha Wave

Analyst

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?

Dunzo for dummies.

Sales Manager

How is the work culture at Zepto in terms of WLB etc? Also any chance of layoffs or is it doing good compared to instamart and blinkit?

Work culture at Zepto

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Get a tag(college/company) -> Open a startup -> Get Funding (even seed stage is fine) -> Burn money -> sell or shut down startup. 
  
 Fastest way to accumulate wealth in today's time.

Corporate Strategist

After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?

GoMechanic, Now Mojocare

Content Strategist

Not surprised. They have a shitty model. Probably going to shut this FY or next unless they turn things around 180 degrees and fast. Similar case for others they've mentioned in the article as their competition. 

https://inc42.com/buzz/exclusive-revenue-based-financing-platform-velocity-lays-off-around-14-workforce/

Layoffs at Velocity

Generalist

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? 
The ones that have cracked product, GTM, model, or something else.

Name the best Indian startups :)

One for the believers: Which startups in India do you feel are going to make it really big? 🚀

Another one bites the dust. Alpha Wave is too big, and this is fucked up for the ecosystem. They were really one of the heavy weights. Another big wallet with growth funding ability, just gone...

Alpha Wave Global to stop startup investments in India 🚨

They have big pockets but very cunning and power hungry people. They promote cut-throat ruthlessness. They are being smart now and backing out early so that later they can wash off their hands form being one of the primary players to have destroyed the startup ecosystem. The OG falcon had at least little bit of honesty, business savvyness and heart. From the time it became alpha wave and some terrible incompetent people took up important roles, it has been a downhill.  
  
 Someone from alpha -  be the whistleblower. But unlikely there would be anyone who has the guts to speak up. Their leaders have ensured to hire only weak yes-people.

Has the B2B marketplace bubble burst?

Welcome to Product Managers's Private Community

I’m looking to switch to B2C FinTech startups in India with good product and team! Do suggest if you know which one are those

A quick background: founding product and business lead at web3 stealth startup, before worked in web2 FinTech

Good FinTech Startups

Would like to build something which will be one stop shop for the real estate agents/real estate marketing agencies.
The idea is to let them focus on what they do best (sales) and handle everything else for them, charge commission for the service.
What do you think does this has market will the agents use the service (I believe they are already using different services but all of them are disconnected)
Happy to discuss it further in comment section

SaaS to real estate agents

Investors rope in Deloitte at Groyyo to shut down its B2B trading business

https://economictimes.indiatimes.com/tech/startups/tiger-global-alpha-wave-rope-in-deloitte-to-evaluate-b2b-startup-groyyos-trading-business/articleshow/104804537.cms

Another Indian B2B company going down according to Economic Times. B2B GMV fraud clean up continues finally!

I got some friends at Jar and got to know in their lending business their only nbfc partner has backed out and for sure they are gonna cut cost, got my other friends offer revoked in tech, product managers are leaving and now even the funding is drying up 
Their founders are begging for funding from last 1.5yrs but nothing. Got to know from my product friend at Jar how badly he/she is trying to get out but suddenly they increased the np as the culture is so shit that no one is staying willingly

B2B network Anar shuts down

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