MagicalHamster
MagicalHamster

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

Post image
14mo ago
App Promo
PerkyCupcake
PerkyCupcake
Amazon14mo

Did the right thing 🫡

PerkyCupcake
PerkyCupcake
Amazon14mo

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

SquishyQuokka
SquishyQuokka
Gojek14mo

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

BubblyTaco
BubblyTaco

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

SquishyQuokka
SquishyQuokka
Gojek14mo

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

FluffyCupcake
FluffyCupcake
Amazon14mo

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.

GoofyWalrus
GoofyWalrus
Jio14mo

Building a startup is tough....#Respect

SwirlyKoala
SwirlyKoala
EY14mo

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 🫡

BouncyPotato
BouncyPotato
PayTM14mo

Had an interview with the engineering head last year. All questions were asked on scaling, how to decrease time of APIs . Not a standard question very tough questions and not satisfied with any answer.

JumpyMuffin
JumpyMuffin
Contlo14mo

I feel sad for him. Had an offer from them, but decided not to accept it.

MagicalBagel
MagicalBagel

Well written post from him

GigglySushi
GigglySushi

They were also paying very well. PM were getting 70lakh ctc

SwirlyPretzel
SwirlyPretzel
Google14mo

Feeling bad for the team now.

Discover more
Curated from across
News Discussion
by PeppyCupcakeAnalyst
Top comments
user

Wow, had many friends who were at one point bullish on them or planning to interview This is weird - this was a fai...

user

When I saw the notification I thought it would be 1000 kirana shops are shutting down

user

I now get why foreign investors are afraid in investing for Indian startups, it's worse than that low level scammers ...

Indian Startups
by JazzyBiscuitAccount Manager

B2B E-Commerce future

After closure of B2B vertical of Dealshare, will Udaan/Ninjacart/Elasticrun, etc. also close this vertical? Anyone from these companies who can share some details as to what's going on?

Indian Startups
by PeppyMochiProject Manager

Apna is heading for a cliff!

A thread:

  1. Over the last 2 months, the Chief Business Officer, Head of Marketing, and Head of Enterprise have been laid off.

  2. CEO has surrounded himself with 3-4 Yes Men/Women who have no expertise in the respective domains tha...