I'm in awe how wonderfully you have summed this up! Next we just change name of the startup and same results 💁‍♀️

Do you mean the whole of Indian startup ecosystem?

Founder’s Office

Consultant

Aren’t they profitable? I was told by one of their employee very proudly.

Analyst

Software Engineer

dunno about meesho but people said the same thing about zomato

Product Manager

Product Owner

Yep, this is the exact headline that should have been put out for Meesho's raise. VCs will literally do anything to help a startup IPO and then throw the retail investors under the bus.

Welcome to Indian Startups's Private Community

Meesho to burn $300M

Meesho to burn $300M- Grapevine

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ 

In current climate, great to see they’re able to raise! Folks at Meesho, some questions: 

- does anyone know if this is a down round?
- how’s the climate inside Meesho? Appraisals, hiring etc 
- are all employees allowed to sell in the secondary?

Meesho raises funding

Meesho ESOPs

Growth Manager

Do you guys agree with the list? Anymore candidates

Dead 11

Oyo was the only Indian startup who had defined a  India specific problem, had a solution and had money to scale. What went wrong? What a pity. 
  
 In comparison Airbnb made it big...

Project Manager

Meesho doing its fourth ESOPs buyback worth 200 crore

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/technology/meesho-announces-esop-buyback-of-rs-200-crore-likely-to-benefit-1700-employees-12452511.html/amp

A good news after loooong time.. whats the valuation as per this?

Meesho esops.. can someone explain?

Strategy & Operations

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Engineering Manager

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Software Developer

Welcome to Office Gossip's Private Community

Some finance person needs to explain this

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

Too much money too soon, where have we seen that?

Starting a small tradition of our own on Boxing Day: a roast of the Indian startup ecosystem!

Through the year, have seen some of the most Top Kek comments here, and I thought it’d be nice to do this for fun! 

Let’s keep it in good jest, no getting personal 🫣
Looking forward to some really creative burns!

PS: I do realize there’s no real correlation between Boxing Day and actual boxing :)

Boxing Day: A roast of Indian Startups 🥊

A very harsh year indeed 
 Almost 261k techies got laid off, and only 261 got laid :/ 
  
 (Sorry)

Founder

Would love to know more about the market here specifically B2B retail media ads, think Amazon ads etc......if anyone here is working on that I have one very specific question.

What's the percentage of GMV that you folks have been able to realise as Ad revenue. 

Meesho folks, please feel free to answer if you have any idea about your companies stats.....

Anyone here working on Advertising?

I have evaluated a lot of startups as part of my work. My approach has changed from being optimistic to being suspicious of a lot of founders, even before the process starts. 

The sheer number of founders that I come across that try to game metrics/play around with data to make the startup look good. 

Most commonly:
1) Completely changing the definition of margins, repeat rates, etc. and never clarifying that they are using different definition. 
2) Often giving rebates/discounts to key stakeholders but finding ways to hide it from their P&L so that it’s not visible. THIS IS SO COMMON - lot’s of them start showing revenues, and then you will see another cost item rising at the same pace, and lot’s of times it will just be money moving around
3) Sometimes completely giving the wrong picture of how their product works on ground. You then speak with their customers, and they describe something completely else.

Things like these are eating up the ecosystem. These founders also end up fooling some VCs, and then capital get’s kept away from actually good founders who have good intentions.

There was a recent major investment in the commerce space, and that is another one such example of a startup doing this. Needs to stop.

Meesho to burn $300M

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