Top comment
The storm is not AI. It's the uncountable number of fresh graduates standing behind you to do the same job. But...
Discover more
Curated from across
QuirkyMarshmallow
Walmart16mo
Oyo was the only Indian startup who had defined a India specific problem, had a solution and had money to scale. What went wrong? What a pity.
In comparison Airbnb made it big...
JazzyWaffle
Stealth16mo
A lot of companies tried to be too many things at once. Oyo ended up one of them. Call it the masa effect.
The comparison with Airbnb can be explained by 1 thing: Disposable income. Actually 2, global execution vs domestic only. 3 lol, mostly software vs higher touch points.
Unit economics were never in their favor
SillyBiscuit
Stealth16mo
Masa was dreaming of a $100 billion valuation for Oyo before the WeWork saga happened. The team was doing all kind of shit to expand the TAM/revenue without applying basic common sense.
JazzyWaffle
Stealth16mo
@HighOak28 your deposit is not with fi, it's with federal Bank afaik. If something happens, they'll find a way for you to access the money directly through the bank. Fi is just a fancy ui on top.
JumpyBanana
Stealth16mo
Exactly they don't have any long term positioning or value that justifies their valuation
JazzyWaffle
Stealth16mo
True. In fintech, I blame the VCs. Way too much money invested in an ecosystem where the regulator is conservative. Could never understand it.
Fi didn't have any chance to make it.
SleepyNoodle
Stealth16mo
Go mechanic Apna
SleepyNoodle
Stealth16mo
Cred ???
Loaded up with monies …. But not too sure about them having a feasible revenue generating business… valuation looks high to me…. Business cannot possibly justify the valuation
Are they next in the firing line ?
Comments pls
JumpyCupcake
Kuvera16mo
Please see CRED's last year performance compared to the year before. That should clarify your point
