Due diligence baad me karlo

Growth Marketer

Due diligence baad me karlo- Grapevine

Welcome to Indian Startups's Private Community

The allure of startup investment is undeniable – the chance to be a part of something groundbreaking, to nurture innovation, and to potentially reap substantial financial rewards. However, for every success story, countless tales of caution highlight the inherent risks associated with this high-stakes game.

The Due Diligence Dilemma
While many angel investment/ crowd-funding platforms tout their rigorous due diligence processes, concerns linger about the consistency and effectiveness of these measures. Given that these platforms invest at a very early stage, investing in Enterprise Tech, and FinTech businesses at this stage is highly risky without the time-consuming and resource-intensive nature of thorough due diligence, it's crucial to understand whether these platforms are adequately screening potential investments to minimize the risk of fraud or failure.

Platform Self-Investment: A Conflict of Interest?
A couple of angel investment/ crowd-funding platform raising money for itself using its platform raises eyebrows. This inherent conflict of interest raises concerns about the platform's impartiality and its ability to objectively evaluate potential investments.

I invite you to share your thoughts and experiences on angel investing/ crowd-funding platforms. What are some of the challenges and opportunities you have encountered? What advice would you give to others considering angel investing/ crowd-funding platforms?

Angel Investment/ Crowd Funding Platform - A Maze of Risks & Red Flags

Product Manager

Welcome to Personal Finance's Private Community

Apart from equities and MFs, what according to you guys can be a good investment opportunity, if you’re ready to put in some money and can get loan if needed to start it. Real estate in blr seems super saturated. Are there good places where you can still buy plot in decent prices? Or start any new business (not a scaled startup) ?

New investment opportunities ?

Analyst

All the web3 investors prolly did some due diligence 😂

Partner

Welcome to Office Gossip's Private Community

I had been toiling in my current organization for a good while despite the compensation not being totally fair. Whenever I brought this discussion up with the CEO, he always played the friend card and promised to give me what I deserve once the company raises the next round. He also claimed to have supposedly saved me from the layoffs which was completely in his control in the first place. Now I got a better offer, kind of like a dream offer- one that I well deserve, and have convinced a challenging panel to get. One small concern is that during the initial stages of the application, I lied about how much I was getting paid currently. Now that I actually made it and got the offer, I have to submit the documents. How far are these things taken seriously?

Will payslip verification be taken seriously?

Digital Marketing

They’ve been mentioned in posts here previously, this is just an official update that something was wrong

Anybody knows more of what went on there?

Tiger backed Groyyo will have to shut down its B2B/trading business

Corporate Strategist

Current experience- 4 years
Current ctc - 11 lpa
Existing offer - 17.5 lpa from a startup
Deloitte offer - 17 lpa
Position being offered at Deloitte - Consultant

Is there a chance to go higher with the deloitte offer?
What's the average being offered at deloitte for 4 years experience?

I am Software engineer with experience in java.

Thanks

Looking for help in evaluating an offer from Deloitte

Software Engineer

No of BHK - 2
Furnishing - Semifurnished
No of washroom - 2 and both are attached 
Balcony - No
Floor - Second
Rent - 40,000 INR/Month 
Security Deposit - 5 Months of the rent
Maintenance - Nil (It's inclusive of rent)
Water charges - Nil (It's inclusive of rent)
Electricity - Pay as per actuals as per the bill.
Location - https://maps.app.goo.gl/vwYLkwzKoEsNZUjo7 
Photos - https://drive.google.com/drive/folders/1D9ck7Dz1G1AJwLzs152-W4yK4WL_Noxp?usp=sharing 
Available from - April third week.
If interested please share your details here - https://airtable.com/appxP52dBoI8IjCJv/pagqz8TLCJ7GcoWgt/form 

••Brokerage applicable

2 BHK Available for rent in HSR Sector 4

Business Development Manager

I have recently started working out and looking to gain muscles. Need help in planning the diet and workout routine. Should I consider Fittr Or Healthify Me as an option? Do they help? 

I am a vegetarian. Not obese, but have high body fat (~30%) .

Is Fittr helpful?

Founder

Which stock is deeply red in your portfolio?

📉

Hi folks, 

Personally, I thought I should invest in the index fund. Because, I don't want to take the risk with this amount. 

But I would still like to know 2 things - 

1. Is the index fund fine? 
2. Is it the right time to invest in lumpsum Or should I do an SIP of 20k? 

Any help would be appreciated. 

Thanks in advance :)

Where to invest Rs. 2 lacs right now?

Problem: Many individuals desire the celebration of a wedding without entering into a legal marriage.

Solution: A new venture offers personalized wedding-like experiences focusing on dressing up, photoshoots, and memorable moments.

Uniqueness: This concept allows people to enjoy the festivities of a wedding without the legal commitments.

Target Market: The service targets individuals who value the ceremonial aspects of weddings but are not seeking marriage.

Market Proof: An increasing trend showcases interest in unique and non-traditional celebrations.

Revenue Strategy: The venture intends to generate revenue through carefully crafted event packages.

Execution:

The venture plans to develop packages that cater to varying preferences and budgets.
Partnerships with key service providers are intended to ensure seamless experiences.
The focus will be on delivering meticulously curated events that capture the essence of weddings without the legal obligations.

Disclaimer: The creators emphasize their intention to provide a creative celebration option without advocating against marriage. The focus lies on crafting unique experiences without encouraging any unauthorized or misleading actions.

Feedback: The venture seeks insights from the community to understand customer perspectives and preferences and roadblocks if any

Startup Idea 1: Bespoke Wedding Experiences Without Marriage

Consultant

Welcome to News Discussion's Private Community

FIR filed against Rahul Yadav. I think there will be a Netflix series on him someday.

Recently I was talking to a girl who was working a startup in BLR. She left the startup with some horrendous experiences. This startup was working from a startup hostel in BLR. Things she told me shook me. She was dating the founder.

So this founder who claims to be on his 2nd startup dates his own employees and then blackmails them.
The average age of his employees is 24. All these girls that he dates are not above 23/24

Apparently this guy has 2 court cases against him. One for fraud and one for a rape case. Both of them are not easily found online. He uses VC money to keep in under the hood.

The fraud case is about his first startup which was a stolen idea apparently. 

This guy’s whole life is fake.
He claims to be an IIT Madras dropout, but he's from some local college. 

There are rumours that one of the girls he dated tried to kill herself because he allegedly filmed them.

He also does not pay salaries for months to his employees but compensates by giving them expensive gifts.

He claims his parents are IAS officers but we checked and they are not. 

His last startup was around around AUTH and current one is around Fintech

Girls and boys stay away from working with such shady startups.

Tinder Swindler of BLR

KreditPE open letter to Zestmoney

Absolutely crazy stuff. To summarize what I read: 

1) Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience. 
2) This hedge fund is run out of a building that has an iHOP (yes the food chain). When asked about the whereabouts, nobody even recognizes if the fund actually exists there
3) This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them?
4) 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers 
5) Now, Byju's lenders have filed a case against Camshaft in the US.


Link to original article: https://www.bloomberg.com/news/articles/2023-09-12/byju-s-hid-533-million-in-hedge-fund-camshaft-run-from-miami-ihop-lenders-say#xj4y7vzkg

Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯

Welcome to Business Roles's Private Community

Context: 10.5 YOE, Marketing lead. I've been looking for a switch since September last year. I'd seen signs of maybe my role or the company itself folding very early and knew 'twas time to bolt. But it's not that easy. Back then - 1 year in a startup meant hey not bad, people still spoke to you and considered your profile. These days, they treat you like Ebola if you've not had your ass stuck in the same place for 3-5 years. 

Anyway, so the majority of my time searching for jobs was the shitty Easy Apply or IIMJOBS premium account route. Suprise suprise. It doesn't work. But hey I was still employed and not nearly as motivated as someone who's unemployed. 

Cut to layoffs: Got laid off with my whole team and a huge chunk of other leaders. My first layoff, felt hilariously like the last day of school. To the org's credit they gave us 3 month severance, leave encashments and extra months for those who'd been there for 2 years+. In hindsight hearing the horror stories of 2k severance from Byju's. I'm grateful for the nice golden parachute I got. I'll be honest, it contributed heavily to my mental stability. I had time, I had leverage, I didn't have to run for the first shitty opportunity that came my way. 

The How I did it (why you struggled through the above stream of consciousness) 

- Wrote to 159 founders with one pagers to 35 of them with ideas on how i'd lead their marketing function. 5 replies. 3 interviews. 2 offers - didn't take em cuz they were super early stage or diff cities. This is immediately in month 1 so I've already started feeling icky about not getting great brands to have in my set. 
- Easy Applied to 768 (I ran a Gmail search, this is a real number) jobs. 99% no responses or you've been rejected. 
-Kept changing one letter on my Naukri.com profile, got me 6 calls, 3 interviews and 1 conversion 

I think theres a word limit to posts 🥲 following up as comments below.

Finally got a job (here's the do's and dont's)

Brand marketing manager

Has any recruiter asked you to share PAN number before even scheduling interviews?
I recently got a call from Physics Wallah recruiter and after exchanging common information she demanded PAN number to which at first I refused then told her I’ll share over email. I said that so that I could check if she is not a scammer. I also asked her why it is necessary? To which she provided generic BS(to put into portal, big companies also ask this). Verified from truecaller and linkedin that she is indeed genuine. But anyways I didn’t feel comfortable to share a sensitive government ID before even having interviews. I told her my reasons and she rudely said they won’t be able to proceed further and I said no problem!

Request everyone to refrain from these practices otherwise this will become a norm. You don’t know in whose hand your ID will go and how and where they will store this info. Cut the BS and just say no.

PAN Card before interview.

A media report revealed that $700 million of the $1 billion will be raised through equity and one of the three Middle East-based sovereign funds is in talks to lead the round.

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Byju’s on their way to raise $ 1 billion through Middle East-based sovereign funds.