poker
poker

KreditPE open letter to Zestmoney

Post image
11mo ago
Itachi777
Itachi777

Was this on LinkedIn?

poker
poker
Slice11mo

Yep

Itachi777
Itachi777

They could have mailed the founders or send a LinkedIn message. Post daal ke Aisa lag rha hai flex kar rhe hai. " We are so good at lending, even other major players can't come close. We can save you." This sounds more like they are trying to attract investors for their own startup by showing how awesome they are. Have never seen a serious M&A deal being discussed so openly on LinkedIn before it even starts.

salt
salt
Gojek11mo

This is some Harvey Specter bullshit move

spymig
spymig

Who dat

SAZ
SAZ

See if there are a lot of skeletons in the closet the erstwhile management would prefer shutting it down rather than sale.

The acquirer has also not done their DD so they may not be aware of the potential issues.

It is not very common for an operational NBFC to go without buyers except in limited scenarios.

Discover more
Curated from across
Tuka
TukaStealth19mo

ZestMoney layoff scenario

Post phonepe declined to acquire Zest, following ate the scenarios at Zest :

  1. 33% employees laid off
  2. 33% employees were hired at Phonepe
  3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so mig...
President_Trump
President_TrumpStealth13mo

Wtf is Buy now, pay later?

Why do almost all apps offer 'buy now, pay later' facilities these days? What if the majority of people don't pay later?

Post image