“Coutloot” , have you heard about this company? Any insight?

I wanted to understand about the culture, CEO, Product and company in general. Any comments about business model, sustainability and fund raise would help understand the company better.

Last week there was a townhall meeting in my office . In that the CEO announced that company revenue jumped 2X and sets the expectations for the current year The hike will be low compared to the last year as the global situation is not doing well. Beauty is he throws out a promise that if company revenue grows 4x from this year then every one in the company will get an additional 10% hike on next year appraisal . I joined this company recently. I don't know what they are up to in future . Is it a good deal???

Just be very careful about this company. Heard many such stories.

How is the business growth ? It’s just a sub vertical of YT gaming but they have made into a business. Not sure about revenue but their last round was a year before. Also, Heard that they are fully remote. Rooter is another one which something similar in game streaming.

Hey! anyone here who has worked with Loop AI (food delivery optimisation)? How’s the work culture and is it worth joining? Do comment down if you have any sort of news related to it!

Any idea on how the company is doing and its culture? Previous posts are quite old but give mixed signals and hence a new post

Dept; Product

- So after raising millions of dollars for "innovating in fintech", CRED has decided to get into the centuries old business of lending - The main company has burnt investor money mainly to build out distribution but no product. - Now when they decided to get into lending, Kunal Shah acquired an NBFC where he personally owns approx 80% stake and CRED owns 20% - Through this NBFC, CRED gives out their loans on BNPL products. Now Kunal Shah wants to slowly sell the rest of his stake to the main company CRED - Except the NBFC is worthless without CRED's distribution. And CRED is worth a lot less without any product and Kunal Shah holds only 12% equity in the main cash-burning loss-making company after all those dilutions in funding rounds. - By making CRED acquire this NBFC at inflated valuations where he owns majority stake, he's gonna personally cash out once again while CRED will still have a long journey ahead of them. How are the CRED investors ok with this?

Is Cred a business or just a long party? If they are a business then how do they make money? What do they stand for - currently it just looks like a hangout place for super privileged bros?