WittyFeed

B2B network Anar shuts down

They were backed by Elevation and Accel, had raised ~$7mn Seems like getting transactions to happen was too tough, despite building a network. Getting money out of Indian SMBs, a consistently tough model.

Link to post: https://www.linkedin.com/pulse/so-long-anar-farewell-reflection-nishank-jain-oifxf?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

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12mo ago
WryExile38
WryExile38
Swiggy12mo

Did the right thing 🫡

WryExile38
WryExile38
Swiggy12mo

Acknowledging that things aren’t working and returning capital is always the right thing to do. And it takes lots of guts.

You can still pivot with capital. But it’s like you’re forcefully doing it if your heart isn’t at the right place

salt
salt
Gojek12mo

Last time I met him, he was far too bullish on this. Speaking literally of complete domination in the consumer tech space.

coala
coala
American Express12mo

normally i wouldn’t believe, but since it’s THE SALT, I trust every word

salt
salt
Gojek12mo

It is true. But building anything is the hardest especially in India so, I am impressed that they took a punt at it.

ElonMast
ElonMast
Amazon12mo

Worked in this space, really difficult to crack especially when distributors are too strong. A truly relationship driven segment.

Everyone tried becoming Alibaba, ended up becoming baba. Be it Udaan or Dealshare, everyone is struggling.

VimalDevgan
VimalDevgan
TCS12mo

Building a startup is tough....#Respect

Cummerbund
Cummerbund
EY12mo

I am one of the worst critics of what he was building but props to the man.

Starting anything meaningful is hard and executing is even harder, so respect 🫡

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