Hmmm. I wouldn’t say I’ve ever seen a male friend of mine actually re-buying man matters stuff. 

But their distribution is insane. They’re at all premium medical stores

Have heard stores are returning their goods unsold. Seems they're booking revenue on sor sale to stores that are returned after few months

Investor

Product Marketing Manager

Little birdie tells me X numbers of Y company are fudged. Over invoicing and under booking of cash costs. Raised zz from A,B,C. - standard template needs more substance.

Communication

Business Analyst

Product analyst

Software Engineer

Software Developer

Founder

They run the brand's manmatters and bebodywise  had recently raised $30 mn.

Welcome to News Discussion's Private Community

They run the brand's manmatters and bebodywise - had recently raised $30 mn.

So my birdie tells me that mosaic wellness numbers are fudged and over reporting of revenues happening! What do you guys think?

So my birdie tells me that mosaic wellness numbers are fudged and over reporting of revenues happening! What do you guys think?- Grapevine

Welcome to Confessions's Private Community

I was into a founder’s office. Working closely with the leadership team of a funded Agri-tech startup (Which shall strictly remain anon in this post)

Does it happen to others the same way as it did to me?

I was one of the first FOs in the org and I was trying to figure what is up with this startup.

About 21 days in to company, I was helping a co-founder with a report that has to go out to investors.

I open up the metrics dashboard to enter numbers when he said “he knew the figures by heart”, so we began entering metrics like GMV and others. These were 5x of my range.

I said we should just double check ? He said there are factors in the formula that I have not considered at all and I finish the report as per the numbers he gave me.

Confused, I later dared to ask the lead PM how are we computing GMV. And told him about my dilemma to tell the founder we need to just double check his calculations.
Bless my naiveté.

He had a nervous smile and told me we report numbers that keep the startup exciting and afloat. We will catch up very soon with them.

The next morning, the founder also took me for a meeting and explained how doing this is important for everyone in the company to succeed.

I was very scared but lived in an autopilot of nervousness for 6 months. Part-took in it while being scared of going to prison myself.

I felt a terrible dread in my stomach in every interaction with with the admin and CA teams since in my first interaction I came across what I sensed to be a big fake bill. Was I blind to miss everyone in the office get a new chair the last month?

I never asked doubts on the money numbers the CA team gave me. But had reasons to doubt it basis other business data I had access to.

Everyone seemed to be on the same kind of auto pilot, good people who had never done anything wrong before this as far as I knew. Everyone considered leaving the culture and toxicity every week. 

The day I left, I had the email of the investors of the company since I’d emailed them countless decks and reports. I really wanted to drop an anonymous email revealing what I knew to them but I was afraid of the following repercussions to my career and I let the matter go.

Reporting fake GMV and more

Looks like you had a ‘Haat’ time working there

Recruiter

Investment Associate

Welcome to Indian Startups's Private Community

Hi,

I see many jobs being posted by Mosaic Wellness on job sites including LinkedIn and I’m considering applying. 

Does anybody know about the work culture there? Also heard they work 6 days a week (Glassdoor/AmbitionBox), how’s that affecting the people working there? Any insights related to them will be helpful

How is Mosaic Wellness and work culture?

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Engineering Manager

Product Manager

Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months

dealshare layoff 90% staff

Project Manager

BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds

BYJUs has raised a whooping USD 700 m (6000 cr.) in this market

Growth Manager

The startup is Accel and Elevation backed. 

The company raised seed funding because the founder and team is from IIT- Kharagpur, and Accel + Elevation have people from IIT-Kharagpur working in their team. 

The founder has no prior work experience, no manners on how to speak with anyone (office boy, or women employees) keeps firing people who don’t agree with him, insists on being in the office for 12 hours because he pays us. 

Hiring criteria is -
1. Single people, so no distraction. He asks are you single or in a relationship (in the interview)
2. No married people 
3. Hire women only if they can stay in office till 5 AM (US based startup)
4. Everyone has to be in office for 12 hours compulsory for all 6 days of week

He boasts on how the VCs will save his ass even if the product fails, has said that worst case scenario I will make money because I know company will be acquired. 

He hires domain experts, makes them create playbook and train juniors to do the work, and then fires them saying "We have to stay lean, and this is a bad market". He did this with 3 departments already. 

How are the VCs not asking him basic due diligence questions? He is now raising 8 million follow up round.

RANT.

This is grapevine for godsake. Name the damn startup.

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Today, all of a sudden, some folks got emails that they have been laid off. There is an uncertainty around the transparency of layoffs now. It was communicated org wide last March and November when then last 2 layoffs were conducted. This time, no-one seems to know how many people got impacted and who got impacted.

Some people at head/lead/senior positions have started voluntary leaving as well. Not sure if they are being asked to leave or if they are leaving themselves.

Hard to see these things happening in a company with an amazing work culture. :/

3rd round of layoffs at Gojek/GoTo

Work culture amazing ho ya tatti…. Jab waqt bura ho, lay-off sabka aata hai…. Kat ta sabka hai….

After GoMechanic, now Mojocare is said to cook its books. Is this a trend? and which other companies are showing similar signs?

GoMechanic, Now Mojocare

Content Strategist

https://entrackr.com/2024/01/fidelity-marks-down-valuation-of-meesho-and-pine-labs/

Above is the source article for reference

Can anyone fill me in on why meesho and pinelabs got marked down despite being profitable and realising good growth ?

Anyone from pinelabs or meesho who can comment what's up?

Why has Fidelity marked down meesho and pinelabs

Machine Learning Engineer

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

Any Idea about whats up with Bizongo?

Makes you wonder what models do analysts and  business people use in such companies.

https://thearcweb.com/article/licious-closes-fy23-flat-revenue-improved-margins-targets-1200-crore-5mmhCXiY1OtIdsMY

Licious's revenue projection was off by a...mere 50%. As a result 100 ppl lose their jobs.

Almost in the last round in ShareChat, should I join this considering they had massive layoffs just few months back. I'll be working in the AI/ML position but I don't want to get laid off again lol.


P.S: the job hunting has been wildd till now. It's tough out there PM Folks!

Should I join ShareChat/Moj?

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

So my birdie tells me that mosaic wellness numbers are fudged and over reporting of revenues happening! What do you guys think?

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