Chingari CEO claims startup is generating profits

#startup the word has lost value since the 2020/21 era and employees/founders are actually feeling it now. #Founders felt like Sugar Daddies and employees started asking for it. What is a real startup? no actual chair to even sit, that is a startup, you don't have loads of money, hence the word (we are a startup) During 2019 end to 2022 people got ridiculous amounts of funding, funds beyond the actual numbers, 44x revenue multiples and what not, like bro, do you have a proper GTM, nobody fkin knows, but are you the founder that know that other guy? yes, here here take my money, strip my VC fund and take all of it. Employees were looking for Sugar daddies not companies, fkin 2 off sites/ quarter, #bmw bikes/cars, 5X salary competitions, unlimited time offs, (Do you know how many actual leaves are ideal in an actual #startup? 0). Joining bonuses going upto $10k in India. Are you serious? is that a startup, or a sugar daddy? Most of these startups went bankrupt or have lost value because they deserve it, They were working in startups because the leadership is a young team, it's real chill and all those bs. founders were doing it because it was trendy and cool. Nothing actually converts into value. These employees are all out there looking for same packages now, obviously they ain't getting it, so taking paycuts. Those founders are in some corner of some city, building their next idea!

Heard about layoffs at Chingari with 50% staff having been let go...how much of it is true ?

Can be GMV, revenue, users, EBITDA, customer satisfaction etc. Curious to know what are things people here have seen 👀

So again Unacademy has asked people to leave, and asked them to resign. Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂 And I don't see this stopping at Unacademy anytime soon They are aching left, right and centre. Still some people are making advt videos with Sachin. And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

If using cuss words was not enough, hating on 9-5 makes you a wannabe.

Another consumer tech startup bites the dust :/ https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

https://entrackr.com/2023/09/rario-burns-through-120-mn-in-15-months-future-looks-uncertain/ Tell me no corruption was involved in this ;)