I support my Indian founders to build a home made onlyfans version. 
 We should wholeheartedly support the talented creators in India so that we can enjoy their content on a platform built in this great nation of ours.

Software Engineer

Founder

Never a recession in this 18+ industry...also comparison of OF to uber lyft etc isn't right....

True. But getting a foothold in the 18+ industry is near impossible. Way too much competition and piracy.

Brand Marketing Manager

Making food availability more convenient for non poor people or addressing the sexual frustration in the society. You know where the money is

Will the normal employees there write ex-OnlyFans SWE/PM/HR. How'd people even mention this?

Onlyfans promotes itself as a video sharing platform. Something similar to YouTube. Of course reality is different but on paper you pretty much do the same work which you might be doing in companies like say YouTube. In a corporate world, you won't be judged for working in Onlyfans as SWE or PM

Analyst

Uber reported it’s first ever net profit in Q2’23.

Product Manager

Uber is profitable. But they burnt a lot to get there.

Chief Business Officer

Welcome to Office Gossip's Private Community

Meanwhile Uber, Lyft and every single food delivery app ever made has never come close to turning a profit and is in massive debt

Software Developer

Meanwhile Uber, Lyft and every single food delivery app ever made has never come close to turning a profit and is in massive debt- Grapevine

Welcome to Personal Finance's Private Community

I got into stocks like Zomato and Paytm when they IPOd expecting for them to rally up as many people did (I assume).

Will tech stocks recover?

Looks like Zomato is at it again - quarterly layoffs (pun intended). Have come to know from a current employee that they are firing people with great skill set and work only because they are at a higher CTC and are replacing older folks with new freshers at a lower pay. Zomato never fails to surprise.

Layoffs at Zomato!

Project Manager

Welcome to News Discussion's Private Community

The company had strong revenue growth but lost money in part because of its investments in other ride-hailing businesses.

Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss

Money furnace goes whrrr

Welcome to Indian Startups's Private Community

Was asking for some advice on fundraising. Got to know if you are building something with no revenue, literally impossible to raise.

He explained how hard it is even for the current founders and expecting 100s of startups to fail next year with talent going cheap due to all the layoffs.

Very hard to think how to monetise B2C if people don’t even link their credit or debit cards with Apple Pay and Android for in-app purchases. Also for B2B Saas, it’s better to build for US from India than building for India.

Just “profit” over growth now. Nothing else matters 💭

Had a chat with a Unicorn Founder

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

After 16 years of existence should we still call Flipkart a startup?

Sales Manager

At this point it's just Boot Licking Delivery app founders.
How come the opinion of a sample size of 1000 *young people* who are not even gig workers, get to be representative of whether gig worker unions should have right to bargain wages.

Everyone knows how harsh and unsafe the working conditions of delivery partners/gig workers are. On top of it now these companies are squeezing their wages to become profitable.

Not trying to moral police folks who order food and groceries online(even I do it), but this is just not sustainable. Sometimes it just feels wrong someone is traveling 5+ kms just to deliver me food and the guy/gal is not even being compensated properly.

And the below article is definitely not journalism or even reporting.

Link to article: https://www.linkedin.com/posts/yourstory-com_most-indian-workers-say-no-to-gig-drivers-activity-7121039458933620736-qRVQ?utm_source=share&utm_medium=member_android

Another low from YourStory

Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. 

Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. 

Just yesterday Oslash announced it’s shutting down its app.

Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.

Any Indian startups doing well currently ?

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

Uber , AirBnb , SWIGGY, Zomato etc are "Comission" or "Bicholia" Companies. Why do they keep losing money? They should make money even if they are to provide attractive offers to drivers/delivery guys etc

Is it because they spent too much "Growing" and its impossible to make the money back?

How did this happen.

Naive question about some business models

Test Engineer

- Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. 
They also have usually no real input to add. 
They are no subject matter except negotiations which too mostly they just prey upon any founders. 

It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar. 

Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. 
So treat them from first day like your ex. Gf/bf. 

- Most tech startup founders are fraud,  they never make any money and keep shifting from one idea to another to hide they never made anyone any money. 
it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. 
Any unicorn today is priced according to what they would make after 5-10 years... Yeah right. 

- Making real money is hard. Making fake money is easy. 
99% of startup Esops are fraud
If the company is homerun, then they won't get you stock easy. 
If the company is maybe homerun, they won't give you cash easily. 
If you get free cash and esops, just imagine it's an 18 month project. 

- Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not. 

- Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for. 

- you only live once. Go hard.. No one like people who have too much to talk but nothing to show.

Some observations after 10+ years of being in the system

Hi Grapeviners, creating a thread where you can post the name of a toxic culture company along with which department. 

This thread is created as a one stop place to know about Toxic Culture Companies whether it, Early/Seed/Growth Stage/MNC . 


#community

List of Companies to avoid - short reasons welcome

Putting this again

Most YC funded startups 
Most *.ai 
All “Ed-techs” (aka “SalMa” sales and marketing) 
Uber-for-X 
10min-thingmajings 
Niche funded D2Cs 
BNPLs

- Ola is entering the $5-billion quick commerce market, competing with Blinkit, Swiggy Instamart, Zepto, and Flipkart Minute.
- At its 'Sankalp' event, Ola explained its dark store concept, aiming to cut order processing time from four minutes to under one minute using automation.
- The quick commerce sector has become indispensable, with rapid growth since 2021, according to UBS analysts.
- Blinkit has been crucial to Zomato's growth, while Zepto is raising $1 billion, showing strong investor confidence.
- Ola's Bhavish Aggarwal plans to use robots in dark stores, unlike competitors who rely on human labor. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/companies/quick-commerce-wars-to-intensify-as-ola-enters-blinkit-swiggy-instamart-zepto-and-flipkart-minutes-turf-12797486.html)

Ola Enters Quick Commerce Market, Challenging Blinkit, Swiggy Instamart, Zepto, and Flipkart Minute

Ola might just win this by delivering to people even before they can even dream of buying something using AI and his electric spaceship

Journalist

Hey, any Blinkit employees here who can tell us how the company is going to handle the crisis at hand?? With so many dark stores closing and 2500+ delivery partners on strike??

Trouble brewing @ Blinkit

Swiggy is slowly becoming unusable. They have already increased minimum amount in Instamart for free delivery from 99 to 149 to 199 now. This is really becoming a problem. Is there any other alternative to this? They are slowly showing their true colours now that they are aiming profitability.

Swiggy FEE Mafia

Yeah. But that's the price you'll have to pay for convenience. They were always gonna start making money one day

Consultant

Sales

Welcome to Software Engineers's Private Community

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Meanwhile Uber, Lyft and every single food delivery app ever made has never come close to turning a profit and is in massive debt

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