Their culture was shitty, controlled by top 2-3 people.

Interesting. Worked there or know someone who did?

Product Manager

Software Engineer

Bit unfortunate but good outcome for all imo

Chief of Staff

I thought this was pretty cool until I saw Raycast. Made OSlash look like a hobby project

Weird! Saw one of them at an OSS project I've been playing with just recently

I imagine it wasn’t a deep enough use case to get monetised. Unfortunate to see a startup shut down :/

Welcome to Indian Startups's Private Community

OSlash is shutting down operations by the end of this month. The startup will stop accepting new registrations effective immediately.

Accel-Backed SaaS Startup OSlash To Shut Down By End Of This Month

Remember there being some good buzz when the product was launched, and was an interesting idea too

Marketing Manager

Remember there being some good buzz when the product was launched, and was an interesting idea too- Grapevine

Hey guys, 

With a heavy heart and after 10-11 months of constant work I am shutting my startup down. Thanks for all the love and support.

What happened was I was able to build the product but couldn't raise enough funds to get the required gov. licenses to go live. I did build a demo mode to let people test out what the app was supposed to be and got more than 250+ sign ups.

For everyone who signed up and where asking me for the invite code sorry but please do test out what it was supposed to be. Use invite code- QWERTYUIOP to access the demo mode. All data will be deleted with in the end of this month so no worries.

Thanks again for all the love and support and let's see what I can build tomorrow.

Invite Code - QWERTYUIOP

Manage all your finances in one place, from tracking spends, budgeting & checking your bank balances all in one.

Pocket - Do More With your money

Shutting it down

Founder

Welcome to News Discussion's Private Community

Another startup that could have been something had it not been for the bull market and Tiger investing unnecessarily. Over $66Mn raised, and now it's over.

Koo is shutting down

Copy cats. App should have been called Poo

Data Scientist

Kunal Shah’s first startup Freecharge was a disaster for everyone except early investors and himself. Freecharge failed the test of time and miserably folded while Kunal Shah became the gyaan king of Indian startup ecosystem. What would happen if Cred also folds which is quite a possibility? I guess that will be the irreversible bubble burst for Indian startup ecosystem. Thoughts?

What will happen if Cred fails?

Saw this on Twitter today, found this interesting and loved the idea. 

The app is named - Jamm. A members-only social network that helps you meet all kinds of people over fun activities IRL. Tagline - ‘Never Have Another Boring Week’.

The idea behind this as per founder (Able Joseph) is to improve the social health/life of its members. The more like-minded the community, the nicer its interactions will be. 


Here’s how it works.
- Apply for membership
- Once accepted, pick an activity (board games, bike rides, etc.) and post a Jamm
- Receive requests from other members who are interested to be a part of your Jamm
- Curate the people you wish to bring together
- Coordinate with the Jammers on group chat
- Meet them IRL and have a good time

Interesting to see how they’ll be solving security challenges associated with meeting people. Also, I guess this could also turn out to be a hookup app.

What you guys think? 

Bengaluru peeps here - Have you used this yet?

Came across this interesting startup - Jamm. A members-only social network

Hey just heard from my friend that Tickertape is planning mass layoffs 
Apparently Business has been struggling with no scene of any funding
Also heard that tickertape might have to give control back to smallcase

Layoffs at Tickertape

The Indian microblogging site Koo has shut down. Reminds me of a conversation with an ex-founder along the lines of “Startups are a hard business. But even within startups, social networks are the hardest businesses to build” 
What do you think of Koo

Koo is now shuts down. Thoughts?

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

Sharechat 3rd layoff

Investor

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

Get a tag(college/company) -> Open a startup -> Get Funding (even seed stage is fine) -> Burn money -> sell or shut down startup. 
  
 Fastest way to accumulate wealth in today's time.

Software Developer

Corporate Strategist

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?

How bad are things in Sharechat?

https://entrackr.com/2023/09/exclusive-y-combinator-backed-akudo-to-shut-down-ops/?s=09 
What is the reason fampay  is facing the problem and akudo got shut down what is the reason?

Another teen focused fintech shutdown

Welcome to Office Gossip's Private Community

Are you a first time manager or do you have any questions around workplace productivity, team management, culture? Ask away!

15 yrs of exp., 2x founder, 1 exit, led diverse teams. AMA

Welcome to Business Roles's Private Community

I am done with Meesho. The work is great but the reward structure has become shit. The leadership has become hypocrite over the years and if this goes on then soon most of the talent would leave this super high density talent company.

Feeling betrayed post the layoffs and the promo cycle, I am looking for new product opportunities, please  help if there are any openings at your organisation 🤕

Bye Bye Meesho

Brah bahar thoda zyada fucked hai. Don't rush - especially since you're saying the work is good. On comp - everyone is using the recession as money saving tactics. Unless a great offer comes, don't scoot.

Brand Marketing Manager

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

Clueless founders, panicking investors, dead market and garbage product. All combine to create these situations.

Analyst

Was looking for automation solutions for my startup, came across an early stage AI startup that had 3-4 meetings with us and showed us screenshots of their product, but delayed product demo and signup.

Few days later said they're shutting down because they couldn't raise funds and had no MVP ready to use. But they didn't tell us that earlier, all they said was "we are in early stages, still working on product, need info from you"etc.

While their vision seemed good enough, not having an MVP while pitching for clients is weird and a waste of time tbh. No one will know or learn anything unless they try using an actual product, including themselves. And it isn't hard to build one either, i think I have the gist of it and might already be in production by other startups in this space. Decent low hanging fruit in SaaS with good long term potential.

Doing things that don't scale doesn't mean you don't put in the required amount of work before approaching clients. Don't want to name them, they probably learned as much by now.

Got pitched by a startup with no MVP 😂

Product Owner

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

Recently one user pointed out obvious gaps in the product and instead of gracefully embracing the feedback like a young forward-thinking startup would, they took the amateur “tit for tat” round: https://x.com/foldmoney_/status/1697959307881398526?s=46

At this point it seems like another cool app destined for a mediocre mid-list oblivion outcome. Thoughts?

The hype around Fold Money

1. Unacademy Co-founder &, CTO is exiting the organisation. 

2. The dreamy project of the founder and CEO around the so-called 'AI revolution' has been shut due to failure in finding PMF. This product is called COHESIVE. 

3. The entire team of cohesive has been dismantled and folks have been asked to look for opportunities outside.


The future looks bleak for the organisation as a whole now.

Remember there being some good buzz when the product was launched, and was an interesting idea too

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