QuirkyBurrito
QuirkyBurrito

Dead 11

Do you guys agree with the list? Anymore candidates

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19mo ago
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QuirkyMarshmallow
QuirkyMarshmallow

Oyo was the only Indian startup who had defined a India specific problem, had a solution and had money to scale. What went wrong? What a pity.

In comparison Airbnb made it big...

JazzyWaffle
JazzyWaffle

A lot of companies tried to be too many things at once. Oyo ended up one of them. Call it the masa effect.

The comparison with Airbnb can be explained by 1 thing: Disposable income. Actually 2, global execution vs domestic only. 3 lol, mostly software vs higher touch points.

Unit economics were never in their favor

SillyBiscuit
SillyBiscuit

Masa was dreaming of a $100 billion valuation for Oyo before the WeWork saga happened. The team was doing all kind of shit to expand the TAM/revenue without applying basic common sense.

JumpyBanana
JumpyBanana

Which neo banks?

GigglyHamster
GigglyHamster

Zolve

QuirkyBurrito
QuirkyBurrito

Is it fucked?

PrancingPenguin
PrancingPenguin
Jio19mo

Why meesho here? They are basically an e-commerce, and hence asset light.

FluffyMarshmallow
FluffyMarshmallow
Zepto19mo

They burned 30mn a month in 2022

MagicalDumpling
MagicalDumpling
Myntra19mo

E-comm is asset light? Let me introduce you to Amazon and Flipkaart

SillyNoodle
SillyNoodle
Meesho19mo

Why meesho?

DerpyMuffin
DerpyMuffin

You will understand soon bro 😅

SillyNoodle
SillyNoodle
Meesho19mo

Can you explain bro?

SqueakyWaffle
SqueakyWaffle

DealShare??

QuirkyBurrito
QuirkyBurrito

They are definitely in a big mess

JumpyMarshmallow
JumpyMarshmallow

They deferred new grad offers from what I heard

FloatingNarwhal
FloatingNarwhal

Pharmeasy bhi?

QuirkyBurrito
QuirkyBurrito

Its there. Number 10.

GoofyDonut
GoofyDonut
Amazon19mo

Pharmeasy should be on No. 1

JazzyWaffle
JazzyWaffle

@HighOak28 your deposit is not with fi, it's with federal Bank afaik. If something happens, they'll find a way for you to access the money directly through the bank. Fi is just a fancy ui on top.

JumpyBanana
JumpyBanana

Exactly they don't have any long term positioning or value that justifies their valuation

JazzyWaffle
JazzyWaffle

True. In fintech, I blame the VCs. Way too much money invested in an ecosystem where the regulator is conservative. Could never understand it.

Fi didn't have any chance to make it.

WobblyNoodle
WobblyNoodle
InMobi19mo

Heard things weren't good at Udaan.

QuirkyBurrito
QuirkyBurrito

Whats the latest? The founders were fired when I heard last

WobblySushi
WobblySushi

Who fired them-Board or investors?

SleepyNoodle
SleepyNoodle

Go mechanic Apna

SleepyNoodle
SleepyNoodle

Cred ???

Loaded up with monies …. But not too sure about them having a feasible revenue generating business… valuation looks high to me…. Business cannot possibly justify the valuation Are they next in the firing line ?
Comments pls

JumpyCupcake
JumpyCupcake
Kuvera19mo

Please see CRED's last year performance compared to the year before. That should clarify your point

JazzyWaffle
JazzyWaffle
Junio19mo

Dehaat? Some context?

ZippyDumpling
ZippyDumpling

Have heard some scary stuff myself
Might be a pure GMV game

High GMV at negative gross margin/contribution margin

JazzyWaffle
JazzyWaffle
Junio19mo

Cool, thanks.

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