Dealshare funds have been blocked from use. Something major off.

Had read some stuff here Tried to verify through people around me, stuff sounded off, but not this off They’re quite big and this is most definitely damaging

This is true. Investors have frozen most of the money. They don’t have a business model.

Somebody knows what’s happening actually? It seems they are pivoting to offline and maybe that’s why budget is limited?

Had asked a question a few weeks ago about how it was doing. I’d heard similar stories. Now it’s out. No business model and ring fenced funds. What happens to the unicorn now?

There is some pattern with tiger global They recently exited flipkart and now blocking funds for another investment Not sure if they are connected or completely unrelated things

Worked with few guys in Bangalore who were x dealshare. The top mgmt including founders are majorly into kickback n other frauds. Over paying for real estate and keeping margin. Selling stuff outside claiming damaged n expired. Are few common practices which start from top. Can others from dealshare validate this.

Have worked with their founders and seen their business as well from a very close angle. No real moat or value proposition, it never even existed actually. They only relied on heavy resellers and frauds (rampant everywhere in the supply chain). Ceo used to look down on other businesses and behave as if they are building the next Amazon, lol

I’ve my ex direct reporting TLs working there, all are asked to find a job by 14th.

The most shocking thing about this is I don’t even know what they do or how they even became so big