Basically if you’ve a c corp entity, you usually end up working with svb.  
  
 You don’t require social security number to open an acc, and that’s the reason 30 per of yc companies are impacted.  
  
 It’s really bad. Lets see

Product Manager

How was the integration of LT and Mindtree?

Data engineer

Bad we got less leaves all LTI policy are being implemented

Technical Support

Senior Product Designer

Software Engineer

Tbh, a lot of them with US entities as the primary one

Corporate Strategist

Welcome to News Discussion's Private Community

Which startups in India affected by SVB scene?

Analyst

Which startups in India affected by SVB scene?- Grapevine

Some startups which may get affected indirectly by SVB crisis . There could many other startups which have their bank account in svb . Let's hope every indian company survives this crisis .

Welcome to Indian Startups's Private Community

Was any startup/investor( in India )impacted due to SVB insolvency?

SVB aftermaths

Because you can't trust banks like Yes Bank, PMC etc , you should own immutable, counterparty-risk-free money like Bitcoin. Views?

SVB going down? India has seen more banks going down in recent times

Founder

Will SVB failure trigger mass layoffs at start-ups? This is insane!

Channel Sales

Do you know if your company, or any other company that might be affected due to SVB’s ripple effect in India?

SVB’s impact on Indian tech companies

Product Head

Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. 

Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. 

Just yesterday Oslash announced it’s shutting down its app.

Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.

Any Indian startups doing well currently ?

https://themorningcontext.com/internet/what-does-softbank-know-about-india-that-others-dont

Softbank is looking to offload India investments at any cost.

Can someone please upload a pdf?

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? 
The ones that have cracked product, GTM, model, or something else.

Name the best Indian startups :)

One for the believers: Which startups in India do you feel are going to make it really big? 🚀

Lately many of the startups faced valuation cuts. Baron Capital cut Swiggy by 40%, Blackrock and Pepsis cut Byju’s by 70%, SoftBank cut Oyo by 70%. Just to name a few. 

Everything about Byju’s is very much present here on grapevine. I’m curious to know about others, not limited to the ones named above. How’s your organization doing these days?

Probably, there is no VC-funded unicorn in India that is likely to stand the test of its private valuation in a public market

Where have all the startup hedgehogs gone?

Devalued startups. How are you doing?

Software Developer

ReshaMandi, a startup that raised over $40 Mn in equity funding, is facing insolvency pleas and has allegedly coerced employees to join another company, Genzr Solutions Private Limited, leaving hundreds of former employees awaiting salary dues.

- ReshaMandi's downfall was attributed to rapid expansion across various verticals, revenue inflation, and financial mismanagement, including inflated revenue, fake vendors, and loan defaults.

- ReshaMandi's founders and management personnel have joined Genzr, a seemingly unrelated company, raising questions about the acquisition and the funding received from an unrelated source.

- The failure of ReshaMandi has raised concerns about VCs investing without adequate due diligence and the accountability of investors and founders for the company's financial situation and treatment of employees.

Source: Inc42 - https://inc42.com/features/inside-the-upheaval-at-reshamandi-a-questionable-2nd-innings-after-a-40-mn-collapse/

Corporate Governance Trouble at Reshamandi 🧵

Journalist

It’s getting bad for Tech in general

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?

What's the scene with Indian FinTech companies, like Jupiter, Razorpay, Navi, Fi, Cashfree etc...

I see some of them have started hiring again, are they a good option to join?

What's the current scene with Indian FinTech

Is this behaviour by VCs very common in Indian startup ecosystem? Have heard of more such stories from founder friends

Project Manager

I know a lot of people from startup community are coming out in support of VSS & Paytm. But they are happily ignoring the news & experts' words of caution.
Look at what ex-RBI director has to say on the issue. IT WAS A DISASTER IN MAKING SINCE OCT'23.
No one is above the law of land. Startups don't mean you can innovate at the expense of compliance.
https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-order-restrictions-disaster-in-the-making-18940381.htm

Startups coming out in support of Paytm

I want to find seed stage startups to join as a founding engineer. I want to take some risk while I can and try if I can get a good return.

How should I go about this? 

I have 7 years of experience. Building distributed systems, backend services with Go, Clojure, etc. I have some frontend experience as well with SvelteKit, Tailwind, etc. I also made a SaaS product recently and got around 10 small businesses as customers on subscription. The product itself got acquired for 5 figures USD after I ran it for 2 months

How to find seed stage startups?

Take a free subscription of crunchbase. Find startups funded in the last 2 years by good funds and cancel subscription. The founders are generally easy to cold call

Hi folks, 

I'm Aadit, Co-Founder & CEO at Zepto. We're one of India's fastest growing consumer internet companies and are today present across 10+ cities in the country. 

I'd love to chat with you folks about my journey in building Zepto, my thoughts on the quick commerce space, organization building, amongst other things.

Ask away!

I'm Aadit Palicha, Co-Founder & CEO at Zepto. Ask me anything!

Hey @Aadit  
I’m @salt  
  
Some questions from my side: 
1. As companies scale there are many diverging opinions on how things should run. How do you ensure that the best ideas drive the company even though they might be in direct conflict with your point of view?  
  
2. What kind of impact have you seen via use of Machine Learning to streamline operational efficiency wrt initial benchmarks? 
  
3. What is the key focus area that you are currently working on? 
  
4. How do you balance creating shareholder value versus customer value?

omg what's happening guys in the startup scene where are the VCs hiding. 🤑

Start-up capital Bengaluru records 80 per cent drop in seed funding; global factors blamed.

Software Test - QA

Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.

CTO Dale departed just yesterday.
Storefront - Madhu has been promoted to the role of CTO, and we are awaiting the appointment of a new VP.
ATS - Ashish is currently serving his notice period.
MFP - Piyush has left the company, and Soumya has taken on additional responsibilities.
RNG - Nitesh is currently interviewing with other firms.
DIP - Soumya is still performing well in their role.
DevOps - Anurodh is in charge.
Location Intelligence - Pradnya is currently serving her notice period.

One potential reason for their departure is the recent devaluation, which has resulted in an unofficial 50% reduction in the value of the ESOPs. Given the minimal salary increases, unless prompt action is taken by the remaining leadership, this ship will inevitably sink!

PS The engineers at Swiggy are aware of the alternative interpretation of SOS.

Swiggy SOS

yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned  abbreviations ....

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