Probably. We have to wait for them to file revenue details this quarter to get actual story.

Software Developer

Lawyer

Growth Manager

Revenue - exp karke , shayad 1-2 rs ka shortfall debit side aagya hoga galti sei p/l acc mei..koi nai vapis ginti karlo galtiya mill jaegi

Product Manager

Consultant

Software Engineer

Profitable isn't possible. Must be something like revenue-tool cost>0 suddenly.

Product Owner

Arey vo cloud ki jagah on prem pe chala raha hai na isliye

How did they reduced their burn so much? Layoffs?  Does anybody know their revenue number?

Welcome to Indian Startups's Private Community

How did they reduced their burn so much? Layoffs?

Does anybody know their revenue number?

Dukan turns profitable?

Dukan turns profitable?- Grapevine

Welcome to News Discussion's Private Community

Dukaan turned profitable

Isne Twitter post auto trigger pe rakh diya tha. 
  
 if profit > 0 { 
  postOnTwitter(); 
  } else { 
  initiateLayoffAndCreatePostOnAI(); 
 }

Generalist

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

https://entrackr.com/2024/06/exclusive-unacademy-in-talks-to-merge-with-orchid-schools-owner-k12-techno/

Big: Unacademy merging with Orchid Schools in a 50-50 merger

I am trying to build the best culture possible. Could you point out the best ones you have witnessed?

Best Culture?

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?

Another layoff coming up at Dunzo🥲

Hope they get their severance packages (I mean salary).

Brand Marketing Manager

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Any insights on why did they do it? What are they going to do with the staff currently working on it?

Looks like Amazon is shutting down food delivery business

Welcome to Software Engineers's Private Community

Recently we saw Paytm making layoffs due to AI.
Are there any other companies that did the same?
People whose companies laid off people due to AI. What kind of automations made it possible?
Is AI actually doing the work or is it just an excuse to lay off people?

Layoffs due to AI

https://twitter.com/subhashchy/status/1684343013311660034?t=dfPI836xHrkMwrcjpIyh2g&s=19

No idea about the full extent of layoffs, seems like either a PR play to tackle leaked layoff news or doing the whole airbnb style 'helping employees land their next gigs'

Dukaan layoff confirmed by founder on twitter

Computer Operator

Why and how is PharmEasy getting funded so much?

Founder

Unacademy’s FY23 Loss Falls 41% To INR 1,678 Cr, Posts INR 907 Cr Revenue

Unacademy’s Loss Falls 40% FY2023

I also know they've always been profitable in the core business (EBITDA, but still). So posting a profit won't be too hard for them.

Anyone here from Livspace - how is the company doing, because the growth at this scale is quite impressive!

Udaan raises $340Mn! How did they manage this? Anybody knows the exact specifics?

The picture isn't as rosy as this headline makes it seem. Basis what I hear, 50-60% drop in valuation. Their last valuation was ~$3Bn so now more like in the $1-1.5Bn range.

Investment Associate

Corporate Strategist

While 340 million funding seems big, it is nothing in terms of Udaan's annual losses and can give them a runway for year and a half. 

Guys any tips for people working in Udaan

Udaan have one year to do or die

Their VC funding is drying up, and finding investors for next rounds is proving difficult because of the macroeconomic conditions (apart from glaringly obvious reasons like their hype has died down since it's not 2020 anymore).

Twitter has launched Ads Revenue Sharing where users with enough engagement get paid by Twitter. This is Dukaan leadership's last resort to sort of "bootstrap" themselves.

The income from Twitter is probably what helped Dukaan become profitable a few days ago.

What do you folks think?

Why Dukaan founders engage in Twitter fights

Welcome to Personal Finance's Private Community

Is this really justified in the name of restructuring the company after funding?

Thoughts on Udaan laying off ~150 folks after raising $340 million in capital

Software Test - QA

- Stockbroking startup Dhan reported a 600% increase in gross revenues, reaching Rs 380 crore in FY24. 
- The company also reported a net profit of Rs 155 crore, a significant turnaround from the net loss of Rs 22 crore in the previous fiscal. 
- Dhan is currently in talks to raise fresh capital of around $100 million. 
- The company's growth reflects the overall expansion of the equity trading market and the rise of new-age discount brokers. 
- Despite regulatory challenges, Dhan is diversifying its offerings to maintain its revenue streams.

Source: [Economic Times](https://economictimes.indiatimes.com/tech/startups/dhan-swings-to-profit-in-fy24-with-gross-revenues-of-rs-380-crore-up-600-from-last-year/articleshow/113874378.cms)

Dukan turns profitable?

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