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ZoomyPancake
ZoomyPancake
OYO

Pls disclose secondary sales

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32mo ago
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DerpyLlama
DerpyLlama
Microsoft32mo

I am pretty confident that they spend a lot under company expenses, like cars, personal staff.

ZoomyPancake
ZoomyPancake
OYO32mo

Yes, cars and drivers at vp level and above

DizzyMochi
DizzyMochi
Stealth32mo

Nothing as such in Unacademy, leaders are taking a cut twice this year, recent one was a 25%

GroovyBoba
GroovyBoba
X (formerly Twitter)32mo

Talking about the salary of founders is dumb, it's all about that equity. They can take a loan on equity and end up living like kings without paying any taxes or drawing any salaries

BouncyBiscuit
BouncyBiscuit
Stealth32mo

Which NBFC gives a loan on unlisted equity and at what interest rate? Or are you referring to a loan from the company itself?

QuirkyMochi
QuirkyMochi
PhonePe32mo

Which bank in India gives a loan on basis of unlisted company shares?

GoofyWalrus
GoofyWalrus
Swiggy32mo

What is secondary sales?

ZoomyPancake
ZoomyPancake
OYO32mo

Founders create some liquidity for themselves during funding by selling their shares.

https://www.growthmentor.com/glossary/secondary-sale/

Real money is made in secondary sales.

WigglyDonut
WigglyDonut
Ola Electric32mo

The gallery of rogues 👹.. unbelievable that a company that does revenues of 13.5 Crs should be worth USD 0.5 bn 😱..

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