dindong
dindong

Silent Layoffs in Jar

Heard from a few employees in Jar that they are reducing their headcount silently and asking employees to move out. They recently lost their biggest NBFC partner Appollo, is Jar facing financial issues?

11d ago3.8K views
Indusplateau
Indusplateau

They are very well funded and have enough capital. Look at entrackr number.

Growtt may have stagnated which is shown by their bet on new product nek.

dindong
dindong

Well they only got around $8 millions only and looking at current structure and revenue i.e equivalent to 12 months of runaway
So I'll say they are not well funded anymore

Notafiveyearold
Notafiveyearold

Heard they were going for funding too?

dindong
dindong
Cred11d

I'm not sure, but I'm hearing from the last 1.5 years that they are trying for funding but not able to raise it yet

CaptainFalcon
CaptainFalcon

Damn

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MentallyTiredDev
MentallyTiredDevStealth5mo

Silent layoffs - BharatPe

Is this true?

Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.

1.6K views
poco007
poco007Stealth8mo

What’s happening at Jar?

Hearing rumours that they are raising more money while the culture keeps detonating, many are fired and many have left with no product roadmap clarity

MentallyTiredDev
MentallyTiredDevStealth5mo

BharatPe laying off people silently

Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.

2.1K views
Techjunkie
TechjunkiePaytm17mo

All is not well at Paytm Money

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months CFO: Amit Kapoor, gone Head of Mutual Funds: Nisharg Golash, gone Head of Product: Manish Reddy, gone Head of Growth: Sourav Choraria, gone...