Futwork has raised Rs 20.9 crore ($2.5 million) in a Series A round led by the Michael & Susan Dell Foundation.  The funding round also saw participation from Artha Ventures, Simile Capital, and ot...

Welcome to News Discussion's Private Community

- Futwork has raised Rs 20.9 crore ($2.5 million) in a Series A round led by the Michael & Susan Dell Foundation.
- The funding round also saw participation from Artha Ventures, Simile Capital, and other investors.
- The company plans to use the funds to meet growth objectives, working capital needs, and strengthen its financial position.
- Post-funding, the Michael & Susan Dell Foundation will hold 19.92% of Futwork, with Simile Capital and Artha Ventures holding 10.08% and 5.64%, respectively.
- Founded in 2020, Futwork helps businesses build outbound calling teams and reported a revenue drop to Rs 3.79 crore for FY23. 

 Source: [Entrackr](https://entrackr.com/2024/09/exclusive-futwork-kicks-off-series-a-led-by-michael-susan-dell-foundation/)

Futwork Secures $2.5 Million in Series A Funding Led by Michael & Susan Dell Foundation

Journalist

Futwork Secures $2.5 Million in Series A Funding Led by Michael & Susan Dell Foundation- Grapevine

Welcome to Business Roles's Private Community

BD role, full time engagement, equity. 

Right now we are in product development & testing early pmf phase. 

Matching salary. 

Product - A low tech solution for non tech savvy brands to reduce their ad spend upto 40%.

Problem - Indian D2C brands spend $7b every year on ad spend only to achieve < 2% retention and <2 ROAS. This is because there is no other way other than ad spend to acq. customers. 

Tech - something at the cross-section of commerce, web3 & influencers economy.

Core team in place - 2 engineers, 1 COO, 1 CTO & 1 PM. Enough cash to survive till pre-seed and get to early pmf.

Raising $1.5m in pre-seed now. 

Founders: ex-microsoft, Uber, swiggy, Zomato, udaan, rapido

At the end of yr. 5:
Best case exit for you: ~7-9cr.
Avg case: 3-5cr.
Worst case: 60L-1cr. 

Pls reach out to - join@zut.ai

Looking for a BD cofounder

Founder

Welcome to Software Engineers's Private Community

About me: Full Stack Dev (~2 YOE) focused on web performance. Some experience in Blockchain

Current Company:
- A small startup based out of Singapore
- 18LPA base
- Remote and Async, very chill
- Not much interesting problem left to solve now
- Company not doing very well financially
- Works directly with the founder, handles everything tech.

The company that gave me offer:
- A small startup registered in Singapore, but everyone works from Delhi (Dwarka)
- 22 LPA base
- 5 days fully office, no WFH
- Web3 company, so not very sure about the future
- Not much information available online about the work culture or tech team
- LinkedIn shows only ~6 employees

What would you advice?
It would have been best if I would have stayed at my current org, but then the work there does not interest me anymore. 
But if I move to the new company it will be a bet as I don’t know anything about the company culture, and also it is completely WFO.
Should I wait for better offer? But then I am afraid looking at the current condition of job market.

Confusing Career Decision

Software Engineer

Welcome to Indian Startups's Private Community

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-drop-significantly/

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Project manager

I have been looking for a more decision-making role at a small startup where I can drive a vertical.

If you know someone who is looking for a non – tech co-founder or has some vacancy for new initiatives and strategy. Kindly consider my profile.

Here's what I have done so far:

Program Operations Manager – Robotics Accelerator and Fund (India and SEA)

•	Designed and implemented a three-phased accelerator program
•	Closed credit deal worth 500,000 dollars across SAAS and CAD tools to enable startups to have a kick start in their journey 
•	Partnered with incubators and accelerators across India for deal flows
•	Ideated and executed a full-fledged automated tool to track and manage the 3 - phased accelerator program and Fund Raising

-----
Investor Relations and Product Development (Investments) – YC Backed Fintech Startup

•	POC for Investors, Product Management and Development (Investment)
•	Built a single-screen dashboard to profile users and persona, automated customized notifications, and content to increase conversion by 40%
•	App v.3.0.- Ideated, created logic, and developed the Flagship, Opportunities offering.
•	Established and maintained partnerships with AMCs, asset providers like Golden Pi, Lendbox external vendors,

----
Founding Team – Fintech Startup (Funded by Accel, Matrix, Elevation and Bloom)

•	I have managed a clientele of 2000+ in the retail and HNI investor category single-handedly.
•	In the customer success team, I led the vertical of NRI investors.
•	Being a part of the 0 to 1 journey I had multiple feathers on my hat where I contributed in spaces ranging from Product to Investment and Operations.

----
Founder - A diet based customised meal plan and delivery startup

•	Diet plates started with the idea of being a one-stop solution for all the food-related requirements for lifestyle disease patients.
•	Scaled it up from zero to a subscription model for a clientele of 200 customers.
•	Got it incubated at IIM - B incubation cell

Looking for a change :)

Strategy & operations

Looking for a change

Welcome to Product Managers's Private Community

PM role, part time engagement, equity.

Until we reach pmf, i only expect consultation on video calls and slack chat. 

After pmf i expect full time. Matching salary.

Product - A low tech solution for non tech savvy brands to reduce their ad spend upto 40%.

Problem - Indian d2c brands spend $7b every year on ad spend. Achieve <2% retention and ROAS is <2. This is because their is no other way than ad spend to acq customers.

Tech - something at the cross-section of ecommerce, web3 & influencers economy.  

Core team in place - 2 engineer, 1 coo. Enough cash to survive till pre seed and get early pmf. 

Will raise pre seed $1.5m. 

Founders: ex-Swiggy Udaan Uber Microsoft Zomato Rapido

At end of the yr 5...
Best case exit for you: ~7-9cr.
Avg case: 3-5 cr.
Worst case: 60L-1cr.

Looking for PM cofounder

The Morning Vine 🍇

Let me down slowly 🎶

Software Developer

Saw the founder giving spiel on CNBC - however I couldn’t get a thing what is he really trying to build. Whatever little I could get is it is similar to refyne earned wage access and credit to employees working in organisations SalarySe has partnered with 

Sharing link of founder interview - https://www.etnownews.com/videos/shows/salaryse-secures-5-million-in-seed-funding-led-by-peak-xv-surge-startup-central-video-106936034

Does anyone know what SalarySe even does?

Product Owner

- HRtech startup Atomicwork has raised an additional $3 Mn in its seed funding round, bringing total funding to $14 Mn.
- Investors include Tray.ai cofounder Rich Waldron, former Salesforce leader Avanish Sahai, and Storm Ventures partner Arun Penmetsa.
- The new funds will be used to invest in AI-driven service management and expand go-to-market teams in the US over the next three years.
- Founded in 2022, Atomicwork leverages AI to improve employee experience and operates on tools like Slack and Microsoft Teams.
- The company counts Blume Ventures, Z47 Partners, Neon Fund, and Storm Ventures among its investors. 

 Source: [Inc42](https://inc42.com/buzz/atomicwork-bags-3-mn-funding-to-boost-workflow-automation-for-enterprises/)

Atomicwork Bags $3 Mn To Boost Workflow Automation For Enterprises

Welcome to Office Gossip's Private Community

2 Engineering Director's and a Marketing Director left in last 2 months. 
CTO, CGO, CHRO have put down papers and are leaving soon. 
A Sr. Engg Director has also resigned.
A couple of SDE's joined and are leaving within the month of joining and more older SDE's leaving too.
These are voluntary exits despite the current layoff and downtrend.

Mass exodus at Upstox

Product Manager

- Lenskart, the popular online eyewear retailer, has secured nearly $20 million in funding, led by co-founders Peyush and Neha Bansal, along with CJT Investments and TR Capital.
- The board approved the issuance of 695,875 Compulsorily Convertible Preference Shares (CCPS) at Rs 2,300 each, raising Rs 160 crore ($19.12 million).
- Peyush Bansal invested Rs 70.70 crore, Neha Bansal Rs 70.39 crore, while other co-founders Amit Choudhary and Sumeet Kapahi contributed Rs 9.60 crore and Rs 9.35 crore, respectively.
- This funding follows a $200 million secondary deal where Temasek and Fidelity Management & Research Company acquired shares, valuing Lenskart at over $5 billion.
- Lenskart plans to expand its network of 2,500 stores, with 60% of its revenue coming from India, and aims to leverage its strong financial performance and growth potential in international markets. 

 Source: Business Outreach

Lenskart Raises Nearly $20M Led by Peyush and Neha Bansal

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

Growth Manager

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

The network and expertise works in favour too, but I admire how persuasive the founders would be to convince for such an amount.

Companies who can raise money in recession have my respect!

Consultant

Biz dev role, full time engagement, equity. DTC exposure is must. 

Right now we are in product development & testing early pmf phase. 

Matching salary.

Product - A SAAS solution for non tech savvy DTC brands to reduce their ad spend upto 40% through influencer led sales. 

Problem - Indian D2C brands spend $7b every year on ad spend only to achieve < 2% retention and <2 ROAS. This is because there is no other way other than ad spend to acq. customers. 

Core team in place - 2 engineers, 1 COO, 1 CTO & 1 PM. Enough cash to survive till pre-seed and get to early pmf.

Raising pre-seed now to onboard 100 DTC brands. 

Founders: ex-Microsoft, Pixis, Swiggy, Zomato, Udaan, Rapido

Equity you get will yield following -

At the end of yr. 5:
Best case exit for you: ~7-9cr.
Avg case: 3-5cr.
Worst case: 60L-1cr. 

Along with equity from starting day. You will keep on getting more and more ESOP rewards linked to value creation (revenue, growth, unlocking  partnerships) or annual cash bonus (% of the value added).

Looking for a biz dev co-founder with DTC exposure

https://www.reuters.com/business/retail-consumer/indias-flipkart-get-600-mln-walmart-under-new-fundraise-2023-12-21/


Flipsters in grapevine, where is this capital getting consumed? Is it all for new businesses (clear trip, grocery etc)?

Flipkart fund raise

Finance Consultant

Software Engineer -  Cognition ($21M+)
Software Engineer -  Magic ($145M+)
Product Manager - Version Lens ($1.6M)
Data Scientist - TextQL ($4.1M)
Data Analyst - Fluent ($7.5M)
Chief of Staff - Mindy ($6M)
Universal Employee - Ema ($25M)
Financial Analyst - Finpilot ($4.5M)
Financial Analyst - Rogo ($7.5M)
Compliance - Norm Ai ($11.1M)
Receptionist - Arini ($0.5M)
Loan Officer - Casca ($3.9M)
Hotel Concierge - Runnr ($1.2M)
Designer - SevnAI ($0.5M)
Customer Support - Sierra ($110M)
Customer Support - Rasa ($70M)

Futwork Secures $2.5 Million in Series A Funding Led by Michael & Susan Dell Foundation

Discover More

Business Roles on

by Matilda Lee

Startup

Looking for a BD cofounder

Software Engineers on

by Jordon Gabriel

Stealth

Confusing Career Decision

Indian Startups on

by Anise Carmden

Stealth

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Indian Startups on

by Dezi Taye

Amazon

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Bangalore on

by Jordon Taye

Freelancer

Looking for a change :)

Business Roles on

by Blair Hyrum

Freelancer

Looking for a change

Product Managers on

by Matilda Olive

Startup

Looking for PM cofounder

News Discussion on

by Kendall Everett

Grapevine

The Morning Vine 🍇

News Discussion on

by Jordon Nadeen

LTIMindtree

Let me down slowly 🎶

Indian Startups on

by Isaiah Carmden

Startup

Does anyone know what SalarySe even does?

News Discussion on

by Coy Vernon

Grapevine

Atomicwork Bags $3 Mn To Boost Workflow Automation For Enterprises

Office Gossip on

by Jordon Lee

Adobe

Mass exodus at Upstox

News Discussion on

by Kalan Lee

Grapevine

Lenskart Raises Nearly $20M Led by Peyush and Neha Bansal

Indian Startups on

by Jordon Nadeen

Startup

Massive Layoffs at HealthTech Startup

Indian Startups on

by Aaron Denver

Stealth

Rampant negativity at Yubi

Indian Startups on

by Jordon Hyrum

Stealth

Companies who can raise money in recession have my respect!

Business Roles on

by Matilda Lee

Startup

Looking for a biz dev co-founder with DTC exposure

News Discussion on

by Aaron Lee

Meesho

Flipkart fund raise

Software Engineers on

by Kalan Carmden

Google

List of AI startups who raised funds in just 2024 focused on automating a particular white collar job