Udaan fired more than 150 employees after raising $340 million dollar

Half of these founders don't know Jack shit what they are doing and just keep on taking funding to sustain. Shameless!

Possible caveat of the funding?

I have a bunch of things to say out loud - I feel for the employees who got impacted. In no world a layoff is justified - I also feel for the founders at Udaan. Doing this would’ve been difficult - I don’t think these events collided. Generally from what I observed news goes out only when the startups decide that it should go out (it may be possible that they raised funding months ago and released the news now) In no way this justifies anything though. But yeah, as some other comments are saying, controlling costs might’ve become top priority to justify the valuation - There are a few comments here saying “Giving money to kids to run these orgs is so wrong” “Founders do not know what they’re doing” and what not - I feel funny to read these comments. I don’t know how folks have the audacity to say shit like that. Saying such things and dissing founders of certain companies who are definitely in the wrong books makes absolute sense. But saying that for Udaan who’s been in the good books for such a long time feels odd. Tells how immature some of us are All that said, I am not justifying a layoff. I am just saying that let’s not jump into conclusions and think that the job of a founder is easy. And let’s really not badmouth all the founders who are doing layoffs and think that they could’ve done something better. Nobody complained when every founder was growing massively during covid times when there was enough money in the market. Nobody questioned their intent when they were giving 100% hikes every once in a while. Funding is slowing down. Let’s accept it. When funding was at an all time high every founder took advantage and surfed that wave. Let’s accept that too. And now when things are going off, founders (even the good ones) are looking at layoffs to justify valuations. Let’s accept this too.

Wow, that is harsh. I understand their valuation dropped, and they're not doing too well. But to overlap both of these things is harsh!

Anybody here at Udaan? Basis what I’d heard they shut down entire cities (like Mumbai). At least for some key categories. What is the scene now?

Damn

When kids are given money to play with, games happen

maybe this isn’t firing just the usual year end appraisal pushouts

I don’t understand why so much Bawaal if startup fires ppl. Most of the large companies meta, Google Microsoft, GS all are profitable and still fire thousands of folks to cut cost and raise margins and share prices but no one said that the CEOs of these companies as useless and don’t know their business. But when startup fires, everyone losses their shit and start cursing the founders and god knows what and out of blue moon everyone start knowing the startup better than the founder. Already the world is rigged against startups. Why this Bawaal?

Name checks out- trying to fly before they can run. Apart from my self-aggrandising sarcasm above, wth UDAAN does?

It is time companies start undoing all the mindless hiring they did during the pandemic.