PeakXV (sequoia) should by RCB

What is the interview process of Grapevine?

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively. His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting- 1. Why the personal distribution policy of educators was implemented without concrete plan in place? 2. Why growth declined in some of the most profit making businesses? 3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue? 4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue? Good or for Bad, investors feel that decisions lacked ownership and growth intent. Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta. What is your take on the decision?

Did sequoia have an ownership target? How does your team and you feel post the funding? What can we expect as a next step? How soon will the monetisation bug kick in? https://entrackr.com/2023/10/exclusive-peak-xv-acquires-over-21-stake-in-grapevine/

Why do US VCs like Sequoia and Mattix rebrand to PeakXV and Z47 in India? Is this just a politically correct way of exiting the market after realising India is not doing well for them? https://techcrunch.com/2024/06/29/matrix-rebrands-india-china-units-for-organizational-independence/

It announced fundrise from peakXV (previously Sequoia). From what I can deduce, they diluted a bit too much. But, I hope that the founding team makes a good one from this! Cheers Michael bhai!

Just wanted to give some updates now that it has been 1 month since the last post 1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 2) There are more people in the pipeline and will get more clarity by month end. 3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered. 4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs. 5) Senior Management Has been asked to take 20% paycuts. 6) Even at Junior level, people have been asked to take pay cuts or resign. 7) Lots of tools used in tech are being removed and AWS subscription has also been revised. Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

This platform is now gonna scale, but isn’t 21% too much? Thoughts pls.