Zetwerk not sure, but Fashinza I have heard is struggling.  
 High cash burn, no further funding, laying off people or people are leaving in numbers.

Consultant

Hey how is it going on in InDmoney? 
  
 I think you folks are trying to pivot to Indian stocks right from the US stocks products? 
  
 Is there traction in the Indian stocks account opening?

Growth Manager

Business Development Manager

Product Manager

Welcome to Indian Startups's Private Community

Whats up with Fashinza n Zetwerk? Any Idea?

Whats up with Fashinza n Zetwerk? Any Idea?- Grapevine

Anyone has any inside scoop on what’s going on at Zest Money? Why did the founders resign en-mass?

Zest Money?

Founder

From the morningcontext article about Bizongo. Seems like another B2B startup with malpractices.

Operations Manager

That’s a huge raise. Anyone knows what goes inside Zetwerk?

Analyst

Hey guys, could you please provide reviews of Zetwerk, Bangalore?The culture? Compensation?

Zetwerk reviews?

Software Engineer

Is it a good place to grow and learn new tech as sde2 backend developer?

Any idea on zeta?

One of the founding members is M.I.A. for the last 2 months and there is absolutely 0 communication on this from the founders side. So much for transparency. So many people have already left and everyone who is currently working is also talking about leaving soon. Is this the end of FamPay.

Is one of the founding members of FamPay laid off recently?

Welcome to Office Gossip's Private Community

What really happened here? I’m curious.

Any thoughts on Zilingo liquidation?

Software Developer

Give me your guesses on which one can this be? Some clues to help you out- Indian startup, Gurgaon based, cross border, 2-3 years since inception, Series A/B stage.

Sexual harrassment, sleeping with the HR, bribes from employees, siphoning of money as drawings every month, paid family vacation on company CC, related party transaction from own company, fake GMV, bullying & abuse. Guess the startup?

Investor

https://entrackr.com/2023/09/rario-burns-through-120-mn-in-15-months-future-looks-uncertain/

Tell me no corruption was involved in this ;)

120 million USD gone in 15 months

Burnt through 60-70 crores per month (average) with 70 employees. Put the best combustion engines to shame.

For a company that is out raising millions the CFO and CGO both exited around the same time these fund raise came in. 

Hear from a few sources that old timers are unhappy with the founders promoting some non experienced folks at the helm of things. Any insider gossips pls?

Whats up at Zepto?

Absolutely sad to see the state of the startups, most of them.
I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates.
Look at all these companies that have raised shit tons of capital, and now make a fraction of money that has been invested in them.
The raised money is spent on outsized, non business sense making acquisition costs, only to keep repeating it till the tap runs dry.
Then when all stakeholders get bored, the service quality plummets, the employees are fired and whole sectors are admonished as being bad.

But, my question is, which sector where large sums of money was invested in early days have come out with flying colours. Fucking nothing !
Edtech, proptech, agritech, ecommerce etc. etc. etc. kuch bhi nahi. 

Is there any sector where a startup which has raised in the 100s of millions in the first 5 years have actually built a sustainable business at any scale ?
Then scaling down, isse acha, scale slowly.
The worst part of this whole drama, is pushing the innovation wheel backward and destroying customer sentiment.

Isse acha, raise less money inititally, build slowly, and only scale when the market is ready. Artifical growth makes no sense, unless you have a treasure chest that shall never run out.
Even in that case, spend the money on assets and not on random acquisition costs, direct or indirect.

As founders, let's do better, nahi ?

Rant or is it ?

Virigo's founder is ex-Myntra CEO. Just goes to show how difficult it is to get the PMF right in cut throat world of fashion.

Fashinza, Virgio have initiated a process to return funds raised over the years to marquee investors like Accel and Prosus Ventures

Fashinza, Virgio To Return Investor Money After New Business Models Failed To Take Off

Fashion is hard

What is happening in Frontrow? Was it just a fad

Any Idea about whats up with Bizongo?

Zee network it is

Lawyer

Move comes two months after a deal to be acquired by PhonePe fell through

Zest Money's Lizzie Chapman, other co-founders resign after PhonePe deal fails

ZestMoney Co-Founders Resign

Real Estate

Anyone here working in Zeta Global?

Performance Marketer

Welcome to Software Engineers's Private Community

If anyone is working in Zepto I would really like two know two things, one how you process the order packaging before hitting the checkout screen? I mean order can still be modified so how'd you manage that. And second I've heard the closest location from dark store algorithm is open source and if a user is away from vicinity of the dark store he/she would not be able to order so can anyone help me with that.

Whats up with Fashinza n Zetwerk? Any Idea?

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