Not on Twitter, koi VC Brags India ke neeche likhdo 'nahi degi' please. Unless they're being ironic.

Definitely being ironic 
 It’s an account that makes fun of VCs, basically

Product Manager

Brand Marketing Manager

Welcome to Indian Startups's Private Community

Sequoia India’s track record

Program Manager

Sequoia India’s track record- Grapevine

Sequoia rebrands to Peak XV Partners. They are giving a positive spin in the press but not hard to connect the dots.

After Unicorns now it's VCs 😁

Any idea whether this happened in India as well for their new entity ?

https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

Sequoia VC  Layoffs

Growth Manager

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 :/

Rampant Negativity at Yubi Part 2

Why do people like Dukaan's founders receive funding so easily? Don't we have brilliant minds or promising startups in India, or is it the fault of short-sighted VCs who have money but lack vision?

Is it the founders or VCs who have money without mind ?

Consultant

Classplus is falling apart. The CTO, CBO and VP-Business have resigned from the company amidst rumours around financial irregularities. Classplus now joins a long list of Indian startups caught amidst fraud/financial irregularities allegations. Classplus was last valued $600Mn in their last funding round and counts Tiger Global, Falcon Edge, Peak XV (formerly Sequoia India) as their investors.

Classplus is going belly up. Big news to come out soon.

Founder

Project Manager

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:
- Rare instance of consolidation in the Indian VC market
- VH to be rebranded as General Catalyst India
- GC plans to invest $500 million to $1 billion in India over the next three years
- Acquisition driven by desire to build strong local team and tap into local LP network

But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem?

As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.  Always long on India 🇮🇳

Image Credits: The Arc

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

Journalist

Reason given by investors on Mojocare sounds very fishy. At one end they are blaming the founder for embezzlement while on other end they are blaming market conditions and unsustainable business model for the layoff of employees. Doglapan?

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Software Engineer

One of my founder friends recently observed that Abhishek Nag, who held a partner position at Lightspeed, was no longer listed on their website team’s page. Additionally, they noticed that correspondence from him was now coming from his personal email address as not from his official Lightspeed email.

Can anyone provide further context on this matter?

Speculations Around Departure of Lightspeed India Partner

GoMechanic cooked the books 😐

Cloud Architect

Brace yourself everybody. Another big fraud coming and this will be bigger than what we have seen so far. Sequoia (Peak XV) portfolio company.

Finance Consultant

Things like this make startups sound like a ponzi scheme

know of a Sequoia backed founder who moved from edtech to crypto to AI over last 3 years. Should Founders also chase just what is hot in the market?

I will go first: 
Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees)

Kishore Biyani, founder BigBazaar

Who are the people in Indian Startup space you greatly regard to?

Software Developer

After PeakXV, Matrix now changing to Z47 in India

Investment Associate

Indian founders should pay the price for frauds. Ashneer Grover driving his Ferrari bought from stolen money and becoming a hero on television has set up a very bad example for the youth.

Elizabeth Holmes (Theranos) is in jail in the US for frauds she committed. Why aren't any Indian founder in jail for cheating investors and employees? How are Indian founders able to get away with shit? Its sets a very bad example

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