Navi looking at external funding?
Basis recent news article and interview of the founder, the company is in talks for external funding. Has the founder money run out, he is also talking about ipo in 2 years.
Joined this organization as an SDE. Initially, had a great experience for the first few months, got to learn a lot. However, eventually, the management (co-founder) started showing his true colors where they would favor a few people who would say yes to everything the co-founder had to say, while others who asked for justification would suffer.
One such issue is the lack of concrete documentation for policies, and surprise, surprise, the policies change based on the mood of the founders. HR, oh, where can I begin? I honestly haven't seen them work, other than salary processing, where they have outsourced their work like LinkedIn management and basic tasks such as wishing employees on their birthdays. This is perfectly fine with the co-founder, as he considers this innovative. Unnecessarily, we are forced to follow processes that hamper productivity, and we have to attend meetings for half the day. Still, they expect us to work for more than 10 hours when the salary is peanuts—hell, even peanuts are better; at least we can have them with alcohol.
My learning is saturated, and there’s no zeal to learn as the manager and others demotivate you. The most frustrating part is the quarterly rewards, which make no sense, as the rewards are given to people who can appease their managers (confirmed).
And now that we have increments incoming, they have all of a sudden started highlighting mistakes, finding mistakes even if they don’t exist. Like one such example was the co-founder asking us to write a script when the script was already shown, and asking for an update on a JIRA ticket when it was already given in the comments.
They lost my respect when they started canceling people’s PTOs and disturbing people on their much-needed PTOs where they spend time with their families and unwind. The co-founder asks the PO to call and disturb the developer on their much-needed vacations after working for long hours and weekends as he wants to satisfy his ego.
Basis recent news article and interview of the founder, the company is in talks for external funding. Has the founder money run out, he is also talking about ipo in 2 years.
How is the work culture at Medibuddy? Asking specifically on the tech and product side of things
People who are there or have worked do share your thoughts
So I joined a startup on Oct, 23(6 months completed). They are struggling to raise funds. From Jan, they started layoffs from ops and customer support, went to major cost-cutting: no tea, snacks, giving the floor to rent, restricting th...