Was this on LinkedIn?
Yep
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.
This is some Harvey Specter bullshit move
Who dat
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.
ZestMoney layoff scenario
Post phonepe declined to acquire Zest, following ate the scenarios at Zest :
- 33% employees laid off
- 33% employees were hired at Phonepe
- 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so mig...
Does this affects stable money or is this an enabler?
Does this affect the stable money value prop.? Because as mentioned in the post fixerra is bringing in multiple FD issuers and providing infrastructure to build. Would that lower the entry barrier for building B2C product in FD segment a...
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?
Zestmoney acquired by DMI Finance
After announcing that they are closing at the end of December, now they are acquired.