PrancingNugget
PrancingNugget

Is it the founders or VCs who have money without mind ?

Why do people like Dukaan's founders receive funding so easily? Don't we have brilliant minds or promising startups in India, or is it the fault of short-sighted VCs who have money but lack vision?

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13mo ago
SillyJellybean
SillyJellybean

Confidence in Bullshitting (aka charisma) is more often the determinant in funding success than actual skill or experience.

Combine that with a good market cycle and it's pretty easy to get stories like these. Happens every cycle.

GroovyWaffle
GroovyWaffle

With dukaan it was more hope and hype. Remember it was khatabook and ok credit who has launched shopify like digital stores along with bookkeeping. Dukaan’s founder built the app for khatabook. At the time yc had funded on theme of shopify for india so investors hoped there is a market and somebody figure it out. Pagarbook got the money around the same time.

Reportedly, sequoia tried to hijack the deal. Lightspeed convinced the dukaan folks to take their money. In a typical Indian fashion, these guys just hoped there would be a big enough market and invested based on hype. The enthu died down after six months. Almost all of the above mentioned startups are no longer on a rocket ship trajectory (not dissing on them, but they are not in that high growth zone that was expected)

PrancingNugget
PrancingNugget

That founder su**s

BouncyCoconut
BouncyCoconut

Wait and watch Unacademy. These guys are ruthless and they are going to do crazy shit. Don't count them out just yet.

PrancingNugget
PrancingNugget

It's would be great for the market.

SillyMochi
SillyMochi

Dukaan is a great idea but twitter behaviour is something VCs any judge. Honestly it was mostly driven by FoMo for VCs as well. VCs are bunch of MBA grads looking to spend their portfolio money in the hopes of recovering 10X+ at some point in time.

SillyMochi
SillyMochi

Slice ka reviews ?

PrancingNugget
PrancingNugget

Vahiyat

One of my friends had this card. When he got laid off, he missed the repayment for the 1st time, and the agents of this company called his family members because the app had already accessed the contact list. If you are asking for joining, I don't know about that much.

QuirkyNugget
QuirkyNugget

What's wrong with mobikwik?

PrancingNugget
PrancingNugget

Earlier there was some 2-3 round of layoffs happened but now company looking fine.

GoofyWaffle
GoofyWaffle
Student13mo

They see pedigree!!

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