I thought cultfit is thriving with fitness becoming a fad these days.

Software Engineer

Heard from old colleague that there were another round of layoffs at cult

Welcome to Software Engineers's Private Community

Layoffs in curefit

Layoffs in curefit- Grapevine

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

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What is happening at Cult/Curefit? 
They are hiring a lot from past 2-3 months but what different are they building these days? They seem to have hired new PMs also but all I see is their PMs are more active on Linkedin.
Their service has become so poor over the years and I don't see them working on it either.

Any idea?

Whats happening at Cult/ Curefit?

Product Manager

Welcome to News Discussion's Private Community

𝟏. 𝐌𝐨𝐧𝐞𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐣𝐢𝐠 𝐚𝐭 𝐌𝐞𝐞𝐬𝐡𝐨; 𝐝𝐨𝐮𝐛𝐥𝐞 𝐝𝐨𝐰𝐧𝐬 𝐨𝐧 𝐬𝐞𝐥𝐥𝐞𝐫 𝐥𝐨𝐚𝐧𝐬

Meesho is evolving its business model beyond its initial focus on providing a low-cost, commission-free marketplace. The introduction of a 2% platform fee on its Meesho Mall vertical, which sells branded products, represents a measured approach to generating additional revenue. This fee is significantly lower than the 7-15% charged by larger e-commerce giants, making it a more attractive option for merchants.

Alongside this, Meesho is doubling down on its seller financing capabilities through the Meesho Instant Cash loan service. By partnering with NBFCs, the company is positioning itself as a facilitator of credit access - a critical need for its merchant base, particularly smaller businesses. This diversification into financial services complements Meesho's core e-commerce operations and logistics services.

The company's broader strategy appears to be one of measured expansion, balancing its customer-centric, low-cost approach with new revenue streams. This nuanced approach, combined with its sizable merchant network, suggests Meesho is well-positioned to navigate the evolving e-commerce landscape in India?

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙈𝙚𝙚𝙨𝙝𝙤'𝙨 2% 𝙥𝙡𝙖𝙩𝙛𝙤𝙧𝙢 𝙛𝙚𝙚 𝙥𝙡𝙖𝙮 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙧𝙚𝙫𝙚𝙣𝙪𝙚 𝙩𝙬𝙚𝙖𝙠; 𝙞𝙩'𝙨 𝙖 𝙩𝙞𝙜𝙝𝙩𝙧𝙤𝙥𝙚 𝙖𝙘𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙘𝙪𝙩-𝙩𝙝𝙧𝙤𝙖𝙩 𝙬𝙤𝙧𝙡𝙙 𝙤𝙛 𝙚-𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚. 𝘽𝙮 𝙪𝙣𝙙𝙚𝙧𝙘𝙪𝙩𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙗𝙞𝙜 𝙗𝙤𝙮𝙨' 𝙘𝙤𝙢𝙢𝙞𝙨𝙨𝙞𝙤𝙣𝙨, 𝙈𝙚𝙚𝙨𝙝𝙤'𝙨 𝙬𝙤𝙤𝙞𝙣𝙜 𝙢𝙚𝙧𝙘𝙝𝙖𝙣𝙩𝙨 𝙬𝙞𝙩𝙝 𝙖 𝙨𝙞𝙧𝙚𝙣 𝙨𝙤𝙣𝙜 𝙤𝙛 𝙨𝙖𝙫𝙞𝙣𝙜𝙨. 𝘽𝙪𝙩 𝙩𝙝𝙚 𝙧𝙚𝙖𝙡 𝙢𝙖𝙨𝙩𝙚𝙧𝙨𝙩𝙧𝙤𝙠𝙚? 𝘿𝙤𝙪𝙗𝙡𝙞𝙣𝙜 𝙙𝙤𝙬𝙣 𝙤𝙣 𝙨𝙚𝙡𝙡𝙚𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙣𝙜. 𝙄𝙣 𝙖 𝙡𝙖𝙣𝙙 𝙬𝙝𝙚𝙧𝙚 𝙘𝙧𝙚𝙙𝙞𝙩 𝙞𝙨 𝙠𝙞𝙣𝙜, 𝙈𝙚𝙚𝙨𝙝𝙤'𝙨 𝙢𝙤𝙧𝙥𝙝𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙩𝙝𝙚 𝙍𝙤𝙗𝙞𝙣 𝙃𝙤𝙤𝙙 𝙤𝙛 𝙧𝙚𝙩𝙖𝙞𝙡, 𝙨𝙩𝙚𝙖𝙡𝙞𝙣𝙜 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙝𝙖𝙧𝙚 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙧𝙞𝙘𝙝 𝙖𝙣𝙙 𝙜𝙞𝙫𝙞𝙣𝙜 𝙡𝙤𝙖𝙣𝙨 𝙩𝙤 𝙩𝙝𝙚 𝙥𝙤𝙤𝙧 (𝙬𝙚𝙡𝙡, 𝙧𝙚𝙡𝙖𝙩𝙞𝙫𝙚𝙡𝙮 𝙨𝙥𝙚𝙖𝙠𝙞𝙣𝙜). 𝙄𝙩'𝙨 𝙖 𝙙𝙚𝙡𝙞𝙘𝙖𝙩𝙚 𝙙𝙖𝙣𝙘𝙚: 𝙩𝙤𝙤 𝙢𝙪𝙘𝙝 𝙛𝙚𝙚, 𝙖𝙣𝙙 𝙢𝙚𝙧𝙘𝙝𝙖𝙣𝙩𝙨 𝙛𝙡𝙚𝙚; 𝙩𝙤𝙤 𝙡𝙞𝙩𝙩𝙡𝙚, 𝙖𝙣𝙙 𝙥𝙧𝙤𝙛𝙞𝙩𝙨 𝙥𝙡𝙪𝙢𝙢𝙚𝙩. 𝘽𝙪𝙩 𝙞𝙛 𝙈𝙚𝙚𝙨𝙝𝙤 𝙘𝙖𝙣 𝙬𝙖𝙡𝙩𝙯 𝙞𝙩𝙨 𝙬𝙖𝙮 𝙩𝙤 𝙩𝙝𝙚 𝙧𝙞𝙜𝙝𝙩 𝙧𝙖𝙩𝙞𝙤, 𝙞𝙩 𝙢𝙞𝙜𝙝𝙩 𝙟𝙪𝙨𝙩 𝙩𝙧𝙞𝙥 𝙪𝙥 𝙩𝙝𝙚 𝙚-𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚 𝙩𝙞𝙩𝙖𝙣𝙨 𝙖𝙩 𝙩𝙝𝙚𝙞𝙧 𝙤𝙬𝙣 𝙜𝙖𝙢𝙚 💃

Source: The Arc - https://tinyurl.com/3y25k93k

𝟐. 𝐈𝐜𝐞 𝐜𝐫𝐞𝐚𝐦 𝐛𝐫𝐚𝐧𝐝 𝐇𝐨𝐜𝐜𝐨 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 𝐑𝐬 𝟏𝟎𝟎 𝐜𝐫𝐨𝐫𝐞, 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐡𝐢𝐭𝐬 𝐑𝐬 𝟔𝟎𝟎 𝐜𝐫𝐨𝐫𝐞 🍨

Hocco, an Ahmedabad-based ice cream brand, has raised INR 100 Cr ($12 Mn) in a fresh funding round. The round was led by the company's promoter group, the Chona family, as well as existing investor Sauce VC. Angel investors like Bollywood producers Ritesh Sidhwani and Farhan Akhtar also participated in the round.

This primary capital infusion has valued Hocco at INR 600 Cr ($72 Mn) post-investment. The company plans to use these funds to expand its manufacturing capacity. Hocco's managing director, Ankit Chona, stated that the 8-month-old brand expects to reach INR 200 Cr ($24 Mn) in revenue by the fiscal year ending March 2025.

But here's the scoop: Hocco isn't just another startup. It's the Chona family's second ice cream act. In 2017, they sold their legacy brand Havmor to South Korean giant Lotte for ₹1,020 crore. Now, with Hocco targeting ₹200 crore revenue by 2025, they're proving you can have your ice cream and sell it too.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙃𝙤𝙘𝙘𝙤'𝙨 𝙨𝙬𝙚𝙚𝙩 𝙍𝙨 600 𝙘𝙧𝙤𝙧𝙚 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣, 𝙟𝙪𝙨𝙩 8 𝙢𝙤𝙣𝙩𝙝𝙨 𝙥𝙤𝙨𝙩-𝙡𝙖𝙪𝙣𝙘𝙝, 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙗𝙤𝙪𝙩 𝙨𝙘𝙤𝙤𝙥𝙨; 𝙞𝙩'𝙨 𝙖 𝙘𝙖𝙨𝙚 𝙨𝙩𝙪𝙙𝙮 𝙞𝙣 𝙗𝙧𝙖𝙣𝙙 𝙧𝙚𝙘𝙮𝙘𝙡𝙞𝙣𝙜. 𝘼𝙛𝙩𝙚𝙧 𝙨𝙚𝙡𝙡𝙞𝙣𝙜 𝙃𝙖𝙫𝙢𝙤𝙧 𝙩𝙤 𝙇𝙤𝙩𝙩𝙚, 𝙩𝙝𝙚 𝘾𝙝𝙤𝙣𝙖𝙨' 𝙧𝙖𝙥𝙞𝙙 𝙃𝙤𝙘𝙘𝙤 𝙧𝙞𝙨𝙚 𝙗𝙚𝙜𝙨 𝙩𝙝𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣: 𝙄𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙜𝙤𝙤𝙙𝙨 𝙨𝙥𝙖𝙘𝙚, 𝙞𝙨 𝙡𝙚𝙜𝙖𝙘𝙮 𝙗𝙧𝙖𝙣𝙙 𝘿𝙉𝘼 𝙢𝙤𝙧𝙚 𝙫𝙖𝙡𝙪𝙖𝙗𝙡𝙚 𝙩𝙝𝙖𝙣 𝙛𝙞𝙧𝙨𝙩-𝙢𝙤𝙫𝙚𝙧 𝙖𝙙𝙫𝙖𝙣𝙩𝙖𝙜𝙚? 𝙊𝙧 𝙖𝙧𝙚 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙨𝙞𝙢𝙥𝙡𝙮 𝙘𝙝𝙖𝙨𝙞𝙣𝙜 𝙛𝙖𝙢𝙞𝙡𝙞𝙖𝙧 𝙛𝙤𝙪𝙣𝙙𝙚𝙧𝙨, 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡𝙡𝙮 𝙤𝙫𝙚𝙧𝙝𝙚𝙖𝙩𝙞𝙣𝙜 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙘𝙤𝙤𝙡 𝙩𝙧𝙚𝙖𝙩𝙨 𝙢𝙖𝙧𝙠𝙚𝙩?🍦

Source: Inc42 - https://tinyurl.com/ys4ncura

𝟑. 𝐂𝐮𝐥𝐭.𝐟𝐢𝐭 𝐠𝐨𝐢𝐧𝐠 𝐝𝐨𝐰𝐧 𝐭𝐡𝐞 𝐃𝐞𝐜𝐚𝐭𝐡𝐥𝐨𝐧 𝐫𝐨𝐮𝐭𝐞?

Cult fit, a leading Indian fitness company, is undergoing a strategic shift to focus on its e-commerce vertical, Cultsport, as a key driver of growth and profitability. According to the company's new CEO Naresh Krishnaswamy, Cultsport currently accounts for 30% of Cult fit's total revenue, but is expected to grow to 50% of revenue within the next 2-3 years.

This shift is driven by the strong brand credibility of Cult fit, which is helping the company rapidly expand its online fitness equipment and apparel business. Cultsport's hardline category, which includes products like treadmills, spin bikes and outdoor cycles, is a particularly strong performer, expected to grow 40-50% year-over-year.

While Cult fit's core gym business remains the largest revenue contributor at over 64% in FY23, the company is betting big on Cultsport to achieve full-year EBITDA profitability within a year. This strategic pivot comes as Cult fit has managed to significantly reduce its losses by 20% in FY23 compared to the previous year, even as its overall revenues tripled.

The company's focus on profitability is further underscored by its recent cost-cutting measures, including layoffs of around 120 employees. Cult fit is also working towards a public listing, as it looks to capitalize on the growing demand for organized fitness chains in the Indian market.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘾𝙪𝙡𝙩.𝙛𝙞𝙩'𝙨 𝙥𝙞𝙫𝙤𝙩 𝙩𝙤 𝙢𝙖𝙠𝙚 𝘾𝙪𝙡𝙩𝙨𝙥𝙤𝙧𝙩 50% 𝙤𝙛 𝙧𝙚𝙫𝙚𝙣𝙪𝙚 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙙𝙞𝙫𝙚𝙧𝙨𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣; 𝙞𝙩'𝙨 𝙖 𝙢𝙖𝙨𝙩𝙚𝙧𝙘𝙡𝙖𝙨𝙨 𝙞𝙣 𝙗𝙧𝙖𝙣𝙙 𝙖𝙧𝙗𝙞𝙩𝙧𝙖𝙜𝙚. 𝘽𝙮 𝙡𝙚𝙫𝙚𝙧𝙖𝙜𝙞𝙣𝙜 𝙞𝙩𝙨 𝙜𝙮𝙢-𝙜𝙤𝙚𝙧𝙨' 𝙡𝙤𝙮𝙖𝙡𝙩𝙮 𝙩𝙤 𝙨𝙚𝙡𝙡 𝙩𝙧𝙚𝙖𝙙𝙢𝙞𝙡𝙡𝙨 𝙖𝙣𝙙 𝙮𝙤𝙜𝙖 𝙥𝙖𝙣𝙩𝙨, 𝘾𝙪𝙡𝙩.𝙛𝙞𝙩 𝙞𝙨 𝙚𝙨𝙨𝙚𝙣𝙩𝙞𝙖𝙡𝙡𝙮 𝙜𝙚𝙩𝙩𝙞𝙣𝙜 𝙥𝙖𝙞𝙙 𝙩𝙬𝙞𝙘𝙚 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙨𝙖𝙢𝙚 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧 𝙢𝙞𝙣𝙙𝙨𝙝𝙖𝙧𝙚. 𝘽𝙪𝙩 𝙞𝙨 𝙩𝙝𝙞𝙨 𝙖 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙢𝙤𝙖𝙩 𝙤𝙧 𝙖 𝙨𝙝𝙤𝙧𝙩-𝙩𝙚𝙧𝙢 𝙨𝙪𝙜𝙖𝙧 𝙧𝙪𝙨𝙝? 𝙄𝙛 𝙚𝙫𝙚𝙧𝙮 𝙛𝙞𝙩𝙣𝙚𝙨𝙨 𝙘𝙝𝙖𝙞𝙣 𝙨𝙩𝙖𝙧𝙩𝙨 𝙨𝙚𝙡𝙡𝙞𝙣𝙜 𝙙𝙪𝙢𝙗𝙗𝙚𝙡𝙡𝙨, 𝙬𝙞𝙡𝙡 𝘾𝙪𝙡𝙩.𝙛𝙞𝙩'𝙨 𝙗𝙧𝙖𝙣𝙙 𝙝𝙖𝙡𝙤 𝙛𝙖𝙙𝙚, 𝙤𝙧 𝙝𝙖𝙨 𝙞𝙩 𝙘𝙧𝙖𝙘𝙠𝙚𝙙 𝙩𝙝𝙚 𝙘𝙤𝙙𝙚 𝙩𝙤 𝙗𝙚 𝙄𝙣𝙙𝙞𝙖'𝙨 𝘿𝙚𝙘𝙖𝙩𝙝𝙡𝙤𝙣, 𝙬𝙝𝙚𝙧𝙚 𝙩𝙝𝙚 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙨𝙚𝙡𝙡𝙨 𝙢𝙤𝙧𝙚 𝙩𝙝𝙖𝙣 𝙟𝙪𝙨𝙩 𝙩𝙝𝙚 𝙚𝙦𝙪𝙞𝙥𝙢𝙚𝙣𝙩? 🏋🏻

Source: The Arc - https://tinyurl.com/2awcnxbp

𝟒. 𝐁𝐢𝐳 𝐌𝐨𝐝𝐞𝐥 𝐎𝐯𝐞𝐫𝐡𝐚𝐮𝐥 𝐚𝐭 𝐏𝐚𝐢𝐬𝐚𝐁𝐚𝐳𝐚𝐚𝐫?

Paisabazaar, the credit marketplace owned by PB Fintech, is facing a major business model shift. Traditionally, Paisabazaar has focused on sourcing unsecured loan leads like credit cards and personal loans for its 70+ lending partners. This model has been highly profitable, contributing 95% of Paisabazaar's revenue and helping PB Fintech achieve its first annual profit.

However, the Reserve Bank of India has now discouraged lenders from offering small-ticket, collateral-free loans. As a result, Paisabazaar's lending partners have started moving away from unsecured loan leads, hampering the fintech's growth. To avoid further deceleration and regulatory scrutiny, Paisabazaar is now pivoting towards secured loans like home loans and loans against property.

This shift poses several challenges for Paisabazaar:
- 🏛️ Branch vs. Browser: Home loan hunters love the personal touch of bank branches. Can PaisaBazaar's algorithms charm them online?
- 🔄 One-and-Done Deals: Credit cards keep customers coming back. Mortgages? It's a once-in-a-lifetime click.
- 💰 Margin Meltdown: Secured loans pay peanuts compared to the unsecured jackpot

PaisaBazaar's countermove? Poaching banking bigwigs and data diving. But PB Fintech's top brass are sweating. Their profitability streak could snap faster than a subprime mortgage!

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙋𝙖𝙞𝙨𝙖𝘽𝙖𝙯𝙖𝙖𝙧'𝙨 𝙛𝙤𝙧𝙘𝙚𝙙 𝙢𝙖𝙧𝙘𝙝 𝙛𝙧𝙤𝙢 𝙝𝙞𝙜𝙝-𝙢𝙖𝙧𝙜𝙞𝙣, 𝙧𝙚𝙥𝙚𝙖𝙩-𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙪𝙣𝙨𝙚𝙘𝙪𝙧𝙚𝙙 𝙡𝙤𝙖𝙣𝙨 𝙩𝙤 𝙡𝙤𝙬-𝙢𝙖𝙧𝙜𝙞𝙣, 𝙤𝙣𝙚-𝙤𝙛𝙛 𝙨𝙚𝙘𝙪𝙧𝙚𝙙 𝙡𝙤𝙖𝙣𝙨 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙥𝙞𝙫𝙤𝙩; 𝙞𝙩'𝙨 𝙖 𝙨𝙩𝙖𝙧𝙠 𝙧𝙚𝙢𝙞𝙣𝙙𝙚𝙧 𝙤𝙛 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙧𝙞𝙨𝙠 𝙞𝙣 𝙛𝙞𝙣𝙩𝙚𝙘𝙝. 𝘼𝙨 𝙍𝘽𝙄 𝙘𝙤𝙤𝙡𝙨 𝙩𝙝𝙚 𝙚𝙖𝙨𝙮-𝙘𝙧𝙚𝙙𝙞𝙩 𝙗𝙤𝙤𝙢, 𝙘𝙖𝙣 𝙋𝙖𝙞𝙨𝙖𝘽𝙖𝙯𝙖𝙖𝙧'𝙨 𝙙𝙖𝙩𝙖 𝙢𝙤𝙖𝙩 𝙖𝙣𝙙 𝙗𝙖𝙣𝙠𝙞𝙣𝙜 𝙝𝙞𝙧𝙚𝙨 𝙤𝙫𝙚𝙧𝙘𝙤𝙢𝙚 𝙩𝙝𝙚 𝙞𝙣𝙝𝙚𝙧𝙚𝙣𝙩 𝙛𝙧𝙞𝙘𝙩𝙞𝙤𝙣 𝙤𝙛 𝙩𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙧𝙩𝙜𝙖𝙜𝙚𝙨 𝙙𝙞𝙜𝙞𝙩𝙖𝙡? 𝙊𝙧 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙬𝙝𝙞𝙥𝙡𝙖𝙨𝙝 𝙨𝙚𝙣𝙙 𝙛𝙞𝙣𝙩𝙚𝙘𝙝𝙨 𝙨𝙘𝙪𝙧𝙧𝙮𝙞𝙣𝙜 𝙗𝙖𝙘𝙠 𝙩𝙤 𝙩𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙗𝙖𝙣𝙠 𝙥𝙖𝙧𝙩𝙣𝙚𝙧𝙨𝙝𝙞𝙥𝙨, 𝙢𝙖𝙠𝙞𝙣𝙜 𝙩𝙝𝙚 '𝙙𝙞𝙜𝙞𝙩𝙖𝙡' 𝙞𝙣 𝙙𝙞𝙜𝙞𝙩𝙖𝙡 𝙡𝙚𝙣𝙙𝙞𝙣𝙜 𝙢𝙤𝙧𝙚 𝙥𝙧𝙤𝙢𝙞𝙨𝙚 𝙩𝙝𝙖𝙣 𝙥𝙧𝙤𝙛𝙞𝙩?

Source: The Ken - https://tinyurl.com/yc2rsymk
		
𝟓. 𝐀𝐦𝐚𝐳𝐨𝐧'𝐬 𝐌𝐗 𝐏𝐥𝐚𝐲𝐞𝐫 𝐏𝐥𝐚𝐲: 𝐒𝐜𝐨𝐨𝐩𝐢𝐧𝐠 𝐂𝐨𝐧𝐭𝐞𝐧𝐭, 𝐍𝐨𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Recently we heard it on the Grapevine that Amazon is acquiring MX Player. Well, it turns out Amazon's not buying MX Player; it's cherry-picking its crown jewels. The e-commerce titan is snapping up select assets of the Times Internet-owned video streamer in what's whispered as a $50 million "distress sale."

This isn't a merger; it's media surgery. Amazon's scalpel is aimed at MX's content library, tech, and user base, leaving the corporate liabilities on the operating table. It's a power move to juice up Prime Video and miniTV in India's cutthroat streaming wars.

The deal includes MX's brain trust, with CEO Karan Bedi and team joining Amazon's ranks. But the real prize? Content, not control.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘼𝙢𝙖𝙯𝙤𝙣'𝙨 𝙘𝙝𝙚𝙧𝙧𝙮-𝙥𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙛 𝙈𝙓 𝙋𝙡𝙖𝙮𝙚𝙧'𝙨 𝙖𝙨𝙨𝙚𝙩𝙨 𝙞𝙣 𝙖 "𝙙𝙞𝙨𝙩𝙧𝙚𝙨𝙨 𝙨𝙖𝙡𝙚" 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙗𝙖𝙧𝙜𝙖𝙞𝙣 𝙝𝙪𝙣𝙩𝙞𝙣𝙜; 𝙞𝙩'𝙨 𝙨𝙪𝙧𝙜𝙞𝙘𝙖𝙡 𝙘𝙤𝙣𝙩𝙚𝙣𝙩 𝙖𝙘𝙦𝙪𝙞𝙨𝙞𝙩𝙞𝙤𝙣. 𝘽𝙮 𝙨𝙣𝙖𝙜𝙜𝙞𝙣𝙜 𝙈𝙓'𝙨 𝙘𝙤𝙣𝙩𝙚𝙣𝙩 𝙘𝙧𝙤𝙬𝙣 𝙟𝙚𝙬𝙚𝙡𝙨 𝙖𝙣𝙙 𝙗𝙧𝙖𝙞𝙣 𝙩𝙧𝙪𝙨𝙩 𝙬𝙞𝙩𝙝𝙤𝙪𝙩 𝙩𝙝𝙚 𝙛𝙪𝙡𝙡 𝙘𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙗𝙖𝙜𝙜𝙖𝙜𝙚, 𝙞𝙨 𝘼𝙢𝙖𝙯𝙤𝙣 𝙬𝙧𝙞𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙥𝙡𝙖𝙮𝙗𝙤𝙤𝙠 𝙛𝙤𝙧 𝙝𝙤𝙬 𝘽𝙞𝙜 𝙏𝙚𝙘𝙝 𝙘𝙖𝙣 𝙛𝙚𝙖𝙨𝙩 𝙤𝙣 𝙨𝙩𝙧𝙪𝙜𝙜𝙡𝙞𝙣𝙜 𝙡𝙤𝙘𝙖𝙡 𝙘𝙝𝙖𝙢𝙥𝙞𝙤𝙣𝙨? 𝙊𝙧 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙥𝙞𝙚𝙘𝙚𝙢𝙚𝙖𝙡 𝙖𝙥𝙥𝙧𝙤𝙖𝙘𝙝 𝙡𝙚𝙖𝙫𝙚 𝘼𝙢𝙖𝙯𝙤𝙣 𝙬𝙞𝙩𝙝 𝙖 𝙘𝙤𝙣𝙩𝙚𝙣𝙩 𝙢𝙤𝙨𝙖𝙞𝙘 𝙩𝙝𝙖𝙩 𝙛𝙖𝙞𝙡𝙨 𝙩𝙤 𝙘𝙖𝙥𝙩𝙪𝙧𝙚 𝙈𝙓'𝙨 𝙡𝙤𝙘𝙖𝙡 𝙛𝙡𝙖𝙫𝙤𝙧, 𝙥𝙧𝙤𝙫𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙢𝙚𝙙𝙞𝙖 𝙢𝙚𝙡𝙩𝙞𝙣𝙜 𝙥𝙤𝙩, 𝙘𝙤𝙣𝙩𝙚𝙭𝙩 𝙢𝙞𝙜𝙝𝙩 𝙗𝙚 𝙩𝙝𝙚 𝙠𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙚𝙫𝙚𝙣 𝘼𝙢𝙖𝙯𝙤𝙣 𝙘𝙖𝙣'𝙩 “𝙥𝙧𝙞𝙢𝙚” 𝙛𝙤𝙧 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙮 😉

Source: Entrackr - https://tinyurl.com/yc3f6s5v

---

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The Morning Vine: Fresh Brew for Your Office Commute 📰

Journalist

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Welcome to Indian Startups's Private Community

Agritech company, Waycool has again started layoffs majorly from its tech stack called Censa. Censa might see a shut down.
Company laid off 300 employees in September, 2023.

Layoffs at Waycool.

UX/UI Designer

"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company offers a two-month notice period but refuses to provide termination letters, forcing employees to quit and forfeit their rightful severance pay. The very same employees who contributed to the startup's success are now callously discarded, leaving many wondering if greed and betrayal are the new industry standards."

Hint - it's amongst one of the biggest emr platform and says doctor first approach.

Layoff news - Major healthtech startup

Company - Healthplix technologies 
 Yes the news is real, I have a couple of freida there in sales, support, tech and marketing. 
  
 All of them had a meeting with HR today and we're told June would be your last day working day.

Support Specialist

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

Growth Manager

I'm currently awaiting result of my interviews at Zeta for Prog Mgr role.
1. Anyone aware of the benchmarks or what would be a good hike in the current mkt. environment?
2. How's wlb and culture at Zeta?

My current base is 25LpA + Esops with 4 yr relevant work experience.
Another fact: I'm in a remote setup company, so working from a Tier 2 city And Zeta will be a 5 day office.
Any other red flags/advise is welcomed

Zeta

Consultant

HealthifyMe -3rd Layoff

Just got to know from a friend that Blissclub also did layoffs last week.

Anyone knows how many got impacted and which teams?

And why nothing in the news?!!

Blissclub Layoffs!

Growth And Strategy

Market and news media has been reporting that CRED is scaling up revenues and building huge loanbook, but seems like they are also now laying off people. Why?

Hearing rumours about CRED layoffs

Have heard some rumours that layoffs are gonna happen at Practo in a couple weeks.

Layoffs incoming

Around 30% of the staff have been laid off. Some teams have been completely laid off.
This is after the layoffs of around 15% around November/December last year.

More Layoffs at Ocrolus

Heard that massive layoffs are happening and they are exiting the market altogether?

Any intel on it

Any news on Goodworker

Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. 
And this cycle will repeat in 6 month as stated in their mail.

Rebel Foods Layoff

Category Manager

Heard there are layoffs happening in cashfree in sales product and I think tech also.

Bad scenes :(

Cashfree Payment Layoffs

I have a job offer from curefit marketing team, any thoughts on company/team culture
TIA.

Culture at curefit

Operations Manager

The startup Airmeet laid off its tech, sales, and etc teams with one months severance.

Lay offsat Airmeet

Generalist

Got to know from a fried that Thoughtwork has also laid off employees.~ 500 (5%)

Layoffs in curefit

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Whats happening at Cult/ Curefit?

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Layoffs at Waycool.

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Layoff news - Major healthtech startup

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Massive Layoffs at HealthTech Startup

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Zeta

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HealthifyMe -3rd Layoff

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Blissclub Layoffs!

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Rebel Foods Layoff

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Cashfree Payment Layoffs

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