Shopflo laid off 28% of the team today - still don’t understand how this company exists and is hoping to make any money.
Having no idea what to do next, they’re desperate to travel to US now to try and capture market there - reminder that this is a market with Fast and Bolt, both massively funded, shut down completely 🤡
One click checkout has been a challenging product to pull off in every company
Apparently struggling to raise followup rounds and even justify current valuations 🤡🤡
An early stage company, with decent cash in bank (unless they burnt through their entire seed rohnd) and now laying off 8/29 people is just a master class on how not to run a company 🙌🏼
Funfact: One of the people affected was hired 3 months back, 3 MONTHS!! Clear lack of vision amongst the founders.
3 months sounds like a probation gone bad
Making money already lol - anyway running a business is hard and I’m sure the decision was not an easy one - hope this is one off and they make it big anyway
Looks like a cost-cutting measure that all these startups are doing in these tough times
Challenging times for all startups in general.
Rode on muh D2C bandwagon. One of the founders was hostel mate in Kota.
Oh damn, a friend works there
VC here. Doing this for fun. Don't take all views seriously.
Urban Company
Does anybody have any idea about Udaan's current numbers ? I have an offer from them who want to check if they are stable
Heard about layoffs at Chingari with 50% staff having been let go...how much of it is true ?
Nanga nach khatam hogaya kya usme?
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