Do you have more details about the deal? What were its major terms?

Founder

Cloud Consultant

I mean it's hilarious and all but what went so wrong that it had to go for just 25 lakhs.

If it's not profitable enough, it will shut, plain and simple. 
  
 Far too many big businesses depend on big loans and investments, which often dry up in a bear market.  
  
 Do not go by stock market performance, we are surely in a bear market in terms of economy locally as well as globally. Stock market will also catch up soon to that reality.

Generalist

Being a founder myself I am confused about these happenings. We have companies like Wynk Music, Gaana, etc. which were quite humongous names but there sudden stop like this is making me feel queasy...

Welcome to Indian Startups's Private Community

Being a founder myself I am confused about these happenings. We have companies like Wynk Music, Gaana, etc. which were quite humongous names but there sudden stop like this is making me feel queasy. 

I understand few of the startups like Zomato, Ola, Nykaa, etc. are doing good but there are thousands of small startups closing every year and now big ones too. 

I just want to understand that is there a huge fault line that I am not seeing or is there any other reason altogether?

Why are reasonably big successful startups coming to such abrupt end?

Why are reasonably big successful startups coming to such abrupt end?- Grapevine

Is it a choice or a force? 

I somewhere heard PocketFM leadership was forced to exit. Is this accurate? I am curious, why so many leadership exit in start ups(Upstox, Swiggy, Zomato, PocketFm etc). Good leaders are made to exit and bad to worse leaders are continuing eg: Cars24, TimelyAi, Dukaan, Apana, Slice etc

Top level executives exit?

Lawyer

MNC worked but didn’t liked the culture. Thinking to work in a startup and hoping for a good culture. Work life balance can not always be good ik.

Want to join startup

Software Developer

There are so many startups failing all around.
Many which I thought were doing something great also have been duds. Some epic surprise failures would be dunzo, pharmeasy, etc.
It looks like there will be many more such revelations in coming days 😐😐

Please share list of some stable and good startups (Series B and beyond) which I should be targetting.

Which startup is worth joining?

Product Manager

This is an interesting trend fully driven by VCs/board

(Co)founders laid-off

Apart from a few good ones here rest are toxic-ologists 🥲. Startup ecosystem is rosy from outside only (folks who know, know :))

Private Equity

Of late, with Koo shutting down, Unacademy in the rafters, I've seen really intelligent, logical folks stand behind the founders of such moronic companies. Is the act of building shit, money burning companies with no use , more important than not building something in today's time?

Why do we lose common sense when it comes to successful founders?

Majority of Indian startups has toxic work culture and the same is not true for any US or Europe based startup. Indian startups just copy paste ideas from the west and apply it to Indian context. We don't have original product barring few such as Postman and all. Why is it so and how we can improve the situation?

Majority of Indian startups are shit.

I was speaking to an ex-colleague and he mentioned how my previous employer, a lending startup, has been intentionally over-reporting disbursal numbers and under-reporting delinquencies in portfolio.

They conveniently chuck the NBFC partners who dare to ask questions and instead catch new fish. During my time I saw sales staff committing rampant frauds and making money on the sides from users. The founders conveniently turned a blind eye till there was new business coming in. They've seemingly moved on to the next level now.

The founders have top pedigree and already come from well off families. Makes me wonder how many such skeletons are buried across startups and what leads to such behaviour. Especially in the wake of what we saw with GoMechanic, Zilingo etc.

Frauds at startups

Business Operations

Welcome to News Discussion's Private Community

Udaan fired more than 150 employees after raising $340 million dollar

Welcome to Personal Finance's Private Community

As we can see only 3-5% Indian startups become profitable and rest of are still in the loss. But Cred , Zomato, Paytm and many more loss making companies are still in the market with tag of "Unicorn". Ye kaise possible ho paa rha hai.. investors ab bhi Paisa lagaye chale Jaa rhe hai .. 
Why ????????

Loss making startup

Welcome to Office Gossip's Private Community

Absolutely sad to see the state of the startups, most of them.
I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates.
Look at all these companies that have raised shit tons of capital, and now make a fraction of money that has been invested in them.
The raised money is spent on outsized, non business sense making acquisition costs, only to keep repeating it till the tap runs dry.
Then when all stakeholders get bored, the service quality plummets, the employees are fired and whole sectors are admonished as being bad.

But, my question is, which sector where large sums of money was invested in early days have come out with flying colours. Fucking nothing !
Edtech, proptech, agritech, ecommerce etc. etc. etc. kuch bhi nahi. 

Is there any sector where a startup which has raised in the 100s of millions in the first 5 years have actually built a sustainable business at any scale ?
Then scaling down, isse acha, scale slowly.
The worst part of this whole drama, is pushing the innovation wheel backward and destroying customer sentiment.

Isse acha, raise less money inititally, build slowly, and only scale when the market is ready. Artifical growth makes no sense, unless you have a treasure chest that shall never run out.
Even in that case, spend the money on assets and not on random acquisition costs, direct or indirect.

As founders, let's do better, nahi ?

Why are reasonably big successful startups coming to such abrupt end?

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