@ObeseSoap32 did you get any idea about the culture at Velocity? I'm interviewing with them and considering if I should join or not?

Product Manager

From what I learned from ex- PMs, the experience was horrific. They strongly recommended to not join and said that they have a culture of hiring and firing. Also really talented and celebrated PMs have been put on PIP to create pressure.

Do you approve of the product team and the culture at Velocity? They are into RBF Funding for D2C startups.

Velocity Product Culture

Velocity Product Culture- Grapevine

Welcome to Indian Startups's Private Community

Considering joining Velocity (HSR, Bangalore) in the capacity of a product manager but I have read a lot of negative reviews about the company on Glassdoor. I also checked their LI and saw that a lot of employees had left Velocity in less than a year. Can someone give me reviews on -
1) Work culture and WLB
2) Product culture and company strategy 
3) CEO/CTO review (since I'll be working directly with them)

Work and product culture at the RBF startup Velocity?

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

Heard 20% of workforce is laid off in velocity this week.

Layoffs in Velocity ?

Consultant

Does anyone how is velocity as a startup? Any idea?

Velocity startup - does anyone know?

A big challenge for arguably most early stage startups is going from 2-3 lakhs per month to 5-10 lakhs per month and more in revenue. Market is willing to provide credit or loans for the latter but not the former.

It's the former that need it more but there are no collateral free loan options in the market that are reasonable. Even though India collects hefty tax and revenue from global businesses with digital platforms and products, it's unwilling to provide collateral-free loans to startups born in India.

The best you can get is from NBFCs or private lenders at more than 12-15% interest (which is often more than the net profit for a lot of startups, hence impractical). Most govt loans and schemes aren't applicable to a large portion of startups because of their criteria.

Even setting up the company can often take months. GST and taxes are a nightmare. Where is this "ease of business" that people talk about?

Unless entrepreneurs bankroll everything from their own pockets, there is almost no way for bootstrapped startups to build and grow sustainably in India.

I've never met a single entrepreneur who availed a govt scheme to get loans for their business in India. I wonder where all that budget money went.

Startup India is a sham

Generalist

Welcome to Product Managers's Private Community

How's the product culture and pay like for APM level roles at a few Unicorns like now that the company has established themselves?

- Inmobi/Glance
- Flipkart
- Myntra
- MakemyTrip
- Zepto
- Ola electric
- Blusmart 

Thoughts on any of the above would be really appreciated!

Product culture at companies?

Program Manager

In your opinion, which companies in your opinion have one of the best product management culture in India? Why do you think so? You may name your current company too.

Companies with best PM culture

Software Engineer

I'll go first.

1. even healthcare
2. Hike/Rush
3. Spartan Poker
4. Ultrahuman
5. Invideo

Mention the reason too if possible.
Let's discover some hidden ones. Brownie points if you mention startups that only a few have heard of.

If you know a less-known Indian startup that is doing some crazy shit (not so obvious ones), do mention.

Your turn.

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