Latest scam in the indus valley
Gpt summarized:
DealShare, a social commerce startup in India, has been facing operational challenges, including automated cancellations, delayed deliveries and refunds, and customer dissatisfaction. The company was founded with the aim of becoming a BigBasket for low-income groups in tier-2 and tier-3 markets, and has raised $393 million in funding. However, a series of issues have arisen due to lack of process and delayed payments to off-roll staff. DealShare's warehouses are described as being "manual" and lacking inventory management systems, leading to wastage and inefficiencies. Additionally, delays in payments to vendors have caused disruptions in operations. The company has also faced issues with fulfillment models and is struggling to maintain competitive pricing. DealShare's growth has slowed to just 10% in the past fiscal year, and the startup is now focusing on its B2C business and improving its processes.
Abybaby
Stealth
a year ago
Something that we knew all along. This has been happening for more than 2 years(Founders knew about it)
chainfire
Stealth
a year ago
You work in dealshare? Please explain what's going on there?
chainfire
Stealth
a year ago
Can anyone please share this article? I respect paid journalist but The membership is just too expensive.
TheOatmeal
Stealth
a year ago
Inka Signboard bhi jawab de raha hai, hsr wala
Good, Indian startup ecosystem has many such bad apples and they need to weeded out. One gets exposed, it deters 10 from doing this shit.
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