Dealshare funds have been blocked from use. Something major off.
Talking product sense with Ridhi
9 min AI interview5 questions
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
I have never ever seen a single dealshare customer just like meesho.
They are big because they make VC believe their fraud revenues and take their money
For Meesho - probably because you're not in their TG and not around someone in their TG Similarly for anyone Tier 3/4 focused like CityMall etc.
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
The most shocking thing about this is I don’t even know what they do or how they even became so big