They had horrible support, NPS would probably in double digit -ve

Product Owner

Valuation of 1800 crore, sold at 90 crore
The cofounder also acknowledges they were overvalued and got sold for cheap due to investor pressure in this Morning

Valuation of 1800 crore, sold at 90 crore
The cofounder also acknowledges they were overvalued and got sold for cheap due to investor pressure in this Morning Context article... Another startup that became victim of the funding winter
Thoughts? 

https://themorningcontext.com/internet/why-nestaway-crashed

NestAway's valuation

NestAway's valuation- Grapevine

Welcome to Indian Startups's Private Community

https://techcrunch.com/2023/06/02/nestaway-aurum/?tpcc=tcplustwitter

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors.

Nestaway sells for $11Mn (earlier valued at $225Mn). What a sad erosion of value

Product Manager

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Corporate strategy

Byjus Valuation Sliced By 99% - Rasing a 200 million $ through rights issue at 250 million dollars

Software Engineer

Whats with Fi money laying of 10% of their workforce for a 2 yr extended runway

Welcome to News Discussion's Private Community

99% off. Now $120Mn only.

Software Developer

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

Channel Sales

Come at me, I'm not scared. There is a reason why FAANG engineers are top-rated VS some random startup engineer.

Here are the reasons why I think that Indian Startup culture is pure cringe:

1. The random use of the following emojis- 🚀💰📈📊💡
2. Fake enthusiasm for every little thing - "Wow! 25M people ordered condoms WOWOW!!!🚀"
3. Claim that you are a verb("company name"): "I am a (Zoman, Flipster, Swiggster or whatever)" but no one really knows about it outside of your company.
4. The HR is a proper softie in the name of Employee wellbeing but will end up being a sadist the moment layoffs happen.
5. Think hard if you really want to work in a place that is your LinkedIn feed on Steroids.

Indian startup culture is the cringiest thing ever

Growth Manager

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

I guess the had the same tech valuations problem that WeWork and any non-tech businesses have had in the last couple of years.

Oyo raising a round at $2.5-3Bn valuation, major discount from peak valuation

Operations Manager

It’s considered immature to speak negatively of your past employers. But i am going to share some anyway. 

Used to work at Oyo with Ritesh - directly. Havent seen a more deluded personality - high headed, pretentious and above all, bipolar. He used to speak so rudely at times that it makes you question if the money is worth it. I have often wanted to tell some people - if he invested all the softbank funding into Nifty, LPs would have had a decent return than the ever failing IPO attempts. 

I am so glad the valuation reality kicked in and humbled these founders down. At the end of the day though they amassed a lot of wealth. But at what cost. 

Eager to hear on Byju BKLora.

NestAway's valuation

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