They’re acquiring startups in the same space when they themselves couldn’t afford to reduce their burn and look towards a sustainable finance model. They’re getting a lot of PE, which is good for the business. But I feel they should start concentrating on themselves first. Head over the shoulders.

Founder

Competitors like Sharechat seem to be struggling with string of layoffs and founders jumping ship.  Is Daily Hunt also in the same boat? They hired Umang Bedi from Facebook but has he been able to ...

Welcome to Indian Startups's Private Community

Competitors like Sharechat seem to be struggling with string of layoffs and founders jumping ship. 
Is Daily Hunt also in the same boat?
They hired Umang Bedi from Facebook but has he been able to turn it around.

How is Daily Hunt doing?

Software Engineer

How is Daily Hunt doing?- Grapevine

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?

How bad are things in Sharechat?

Welcome to News Discussion's Private Community

Will these cash burning companies just continue raising money and biding time or will they implode soon?
Not well informed on this, genuinely want to know how this works
And what happens to their 1000s of employees

What will happen to BYJUs/Sharechat type companies?

Analyst

Welcome to Product Managers's Private Community

Heard on Twitter that social media app ShareChat is going BUST.

- At ~$42m revenue, it's valued at 120x rev
- ~95m DAU in rural India
- Founders cashed out $10m in secondaries. 

Is this true?

Crisis in ShareChat?

Database Administrator

Heard they have just few months of runway left. Is this true?

Sharechat in deep trouble

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

Sharechat 3rd layoff

Investor

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Almost in the last round in ShareChat, should I join this considering they had massive layoffs just few months back. I'll be working in the AI/ML position but I don't want to get laid off again lol.


P.S: the job hunting has been wildd till now. It's tough out there PM Folks!

Should I join ShareChat/Moj?

Product Manager

Have been seeing this as of recent, is it change in direction - new leadership to drive that

Swiggy has announced a significant addition to its senior leadership team with the appointment of Ashwath Swaminathan as Chief Growth & Marketing Officer.

Ashwath Swaminathan joins Swiggy as Chief Growth & Marketing Officer

Why is this common now? Big hire after mass layoffs

Frontend Engineer

What is the current state of sharechat ?

Last i heard, they were not doing well

Sharechat status

Software Developer

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?

The fundraise is an extension of its convertible debt round in which it has already raised $49 million from Tencent and existing investors such as Lightspeed

Sharechat closes $16 million fundraise while firing up to 5% of workforce

Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

Reliance pulls representatives from Dunzo’s board

Not the first nor the last.  Haptik was probably one of the early ones that got arsenic poisoned post Jio acquisition.  Slow slow death.  
  
 Reliance will continue to fiddle around the ecosystem and buy a random set of start ups.  Mukess bhai's fuck-you-money account is a few billions. 250 mil written off makes no difference to his life. 
  
 Start Ups have to learn to get investors on board that have the right intent and roadmap aligned to their vision.  Includes the testicular fortitude to say NO even to Warren Buffet.

Sales Manager

Hey all, I am interviewing at Sharechat and wanted to know how healthy is the startup. It is always in news for wrong reasons like heavy losses or founders exiting or something. Is this stable?

Sharechat reviews

Tech Lead

ShareChat: ASK ME ANYTHING

Basically this was a term that was coined by a lot of startups since they catered to tier 2,3 towns and beyond. Wanted to know how many of them are still doing well - business wise or atleast are still raising funds

What are companies that followed "Build for Bharat" that are doing well today?

Product Marketing Manager

How is Snapdeal doing these days? Did they layoff in this ongoing wave? Are they profitabile yet?

Snapdeal

Growth Manager

I’m a product designer about to marry an army officer, which means moving to the land of sand and sunsets (Rajasthan) and frequent relocations. I'm on the hunt for a remote job at a company with a culture so amazing it might just have its own fan club. 🌟 Where can I find a team that’s as flexible as my moving plans and as supportive as my future spouse?

Drop your best recommendations!

How is Daily Hunt doing?

Discover More

Indian Startups on

by Matilda Denver

CricPe

How bad are things in Sharechat?

News Discussion on

by Isaiah Denver

CleverTap

What will happen to BYJUs/Sharechat type companies?

Product Managers on

by Jordon Dean

US-based Product Company

Crisis in ShareChat?

News Discussion on

by Kendall Lee

Stealth

Sharechat in deep trouble

Indian Startups on

by Dezi Hyrum

Startup

Sharechat 3rd layoff

Layoffs on

by Jordon Nadeen

Stealth

Layoffs at Sharechat.

Indian Startups on

by Kendall Denver

Venture Capital

Comment a startup's name, I'll share if it's promising or whatever I know

Indian Startups on

by Dezi Carmden

Stealth

Should I join ShareChat/Moj?

News Discussion on

by Coy Lee

Flyhomes

Why is this common now? Big hire after mass layoffs

Indian Startups on

by Isaiah Gabriel

Stealth

Sharechat status

Layoffs on

by Jordon Taye

EY

List of companies laying off employees in India

Indian Startups on

by Coy Dean

Navi Technologies

Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.

Indian Startups on

by Kendall Lee

Venture Capital

Reliance pulls representatives from Dunzo’s board

Indian Startups on

by Anise Denver

InMobi

Sharechat reviews

Indian Startups on

by Aaron Nadeen

Sharechat

ShareChat: ASK ME ANYTHING

Indian Startups on

by Dezi Nadeen

Stealth

What are companies that followed "Build for Bharat" that are doing well today?

Indian Startups on

by Kendall Nadeen

Stealth

Snapdeal

Bangalore on

by Kendall Hyrum

Cred

Help a future desert explorer out! 🏜️