Dead 11
Do you guys agree with the list? Anymore candidates
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...
Cafeinatedpragmatist
Stealth
a year ago
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
Sonny
Stealth
a year ago
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.
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car_guy
Stealth
a year ago
Why meesho here? They are basically an e-commerce, and hence asset light.
JFC
Stealth
a year ago
They burned 30mn a month in 2022
HappyFeet92
Stealth
a year ago
E-comm is asset light? Let me introduce you to Amazon and Flipkaart
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Damaru
Stealth
a year ago
Which neo banks?
Curiousify
Stealth
a year ago
Zolve
Jghfdsyipouhgxd
Stealth
a year ago
Is it fucked?
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WWHD
Stealth
a year ago
DealShare??
Jghfdsyipouhgxd
Stealth
a year ago
They are definitely in a big mess
TanSuede76
Stealth
a year ago
They deferred new grad offers from what I heard
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Jghfdsyipouhgxd
Stealth
a year ago
Its there. Number 10.
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Jghfdsyipouhgxd
Stealth
a year ago
Whats the latest? The founders were fired when I heard last
NeverMindTheBollocks
Stealth
a year ago
Go mechanic
Apna
NeverMindTheBollocks
Stealth
a year ago
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
Please see CRED's last year performance compared to the year before. That should clarify your point
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Cafeinatedpragmatist
Stealth
a year ago
@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.
Damaru
Stealth
a year ago
Exactly they don't have any long term positioning or value that justifies their valuation
Cafeinatedpragmatist
Stealth
a year ago
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.
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monkeman
Student
a year ago
Why is pw only exception to the edtech in india?
Damaru
Stealth
a year ago
Because they are zero tech company.
bad ux, really bad customer support. GST invoice I had a lot of trouble generating. bank connection doesn’t work.
90% devaluation (yes), anti dilution clause and all existing shareholders apart from VCs (ie founders, employees etc) don't have any meaning equity because of it.
Unopposedsquid
Stealth
a year ago
Devaluation sure. Business is turning around towards profits
Just curious to know why short video apps are scams? Any reports to justify the claim.
Laidoff around 30 percent of employees and revenue is lowest among all unicorn.
ShiroToki
Student
a year ago
Cred
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