SqueakyPickle
SqueakyPickle

Many companies will go bankrupt between January 2024 and June 2024 : Paytm CEO Vijay Shekhar Sharma

14mo ago
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CosmicMuffin
CosmicMuffin
Student14mo

Distrust predictions; even economists err. Avoid armchair experts and celebrity founders' opinions.

GigglyNarwhal
GigglyNarwhal

Agree. Even though I consider myself a pessimist, such blanket statements without a proper reasoning or data backing it, should be taken with a pinch of salt. Also, it's from YourStory so, you know it's masala Chai gossip

CosmicMuffin
CosmicMuffin
Student14mo

@BladeRunner007 It's reassuring to find someone with a similar perspective. These celebrity influencers are essentially just commentators and armchair experts.

SquishyQuokka
SquishyQuokka
Gojek14mo

Yes many companies will get bankrupt in the first half of next year. Mostly companies who raised at unrealistic valuations that don’t have enough traction for even a down round.

DerpyBanana
DerpyBanana
IBM14mo

Cred gonna be the first one

SnoozyPickle
SnoozyPickle
Student14mo

Cred really needs to pack up it's bag leave the tech space and their legacy behind as the greatest advertising making company ever

FuzzySushi
FuzzySushi
Porter14mo

Enjoy this time. There is a brief moment in history where both the next big startup will be made and the big startup will fail in the same time.

FluffyNugget
FluffyNugget
Plivo14mo

Bankruptcy is still going on. Huge Bank getting bankrupt was the next level thing in 2023.

JumpyNoodle
JumpyNoodle
Google14mo

which bank?

ZoomyMuffin
ZoomyMuffin

SVB

QuirkyMarshmallow
QuirkyMarshmallow

What he talks about cash flow? Why was he chasing GMV before then? What happened to his profitability marketing in stock market

JumpyTaco
JumpyTaco

He should worry about his paytm stock first and leave the economic forecast to RBI and NITI ayog.

As soon as appraisal cycle comes in , suddenly the market becomes gloomy.

PeppyCoconut
PeppyCoconut

Not surprising. Question to answer - how big will the graveyard get?

Systemic issue has led to the situation today, founders not being financially prudent + investors pushing for growth at all costs only. Sasta growth nahin chahiye, baiya.

A large audience with low to no monetization possibility the "growth" story of India will come under scrutiny. Large cheque writers have already left the market and if you look at the investing traction in 2023, its mostly seed or early stage, deals aka small cheques.

JumpyPotato
JumpyPotato

Bro on one hand US talks about decreasing rates to boost economy, but with inflation already high it will be bad. Its a different and confusing time for startup investors too. And whenever there’s confusion, pull the money out. Maybe that could be a reason even good startups struggle to raise. (Technically good startups should not be dependent on raising but nvm)

CosmicDumpling
CosmicDumpling

Well with how hiring has been, its only time till scaler now becomes the next byjus

JazzyWalrus
JazzyWalrus

Nope. I believe only this guy 👇

Gif
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