Gpt summarized:
DealShare, a social commerce startup in India, has been facing operational challenges, including automated cancellations, delayed deliveries and refunds, and customer dissatisfaction. The company was founded with the aim of becoming a BigBasket for low-income groups in tier-2 and tier-3 markets, and has raised $393 million in funding. However, a series of issues have arisen due to lack of process and delayed payments to off-roll staff. DealShare's warehouses are described as being "manual" and lacking inventory management systems, leading to wastage and inefficiencies. Additionally, delays in payments to vendors have caused disruptions in operations. The company has also faced issues with fulfillment models and is struggling to maintain competitive pricing. DealShare's growth has slowed to just 10% in the past fiscal year, and the startup is now focusing on its B2C business and improving its processes.
Can anyone please share this article? I respect paid journalist but The membership is just too expensive.
Good, Indian startup ecosystem has many such bad apples and they need to weeded out. One gets exposed, it deters 10 from doing this shit.
It's Zilingo part 2
I don’t have any hate for any religion! Just sharing my experience, hoping more people will become aware about the ongoing scam.
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