Even though they didn't have great revenue sources.
Even if everything is legit. Their business model can be copied. Another card could give 10Rs extra to the users and there you have it. Race to the bottom of decreasin margins.
Honestly, I was going through their website, and it doesn't even have Terms and Conditions or information about card issuance? I didn't see the Shark Tank episode, but do they mention what Bin Sponsor they're using? What about compliance and other requirements?
My guess, if there are any decent lawyers involved in the due diligence process, this might just end up being one of those deals that look good on tv but fall off at the backend
sharks ko exit mijaega, would team has proved their ability to raise external rounds.
haven't seen the episode....read and ET article on them.... seems to be a farce
They saw a cheap way to acquire distributors, Influencer distributor. Once the network is solid they must have thought they can sell this to some ad network or agency
Another one bites the dust. Alpha Wave is too big, and this is fucked up for the ecosystem. They were really one of the heavy weights. Another big wallet with growth funding ability, just gone...
They have big pockets but very cunning and power hungry people. They promote cut-throat ruthlessness. They are being ...
Tiger, Elevation and Matrix backed fintech startup has started layoff. CTO has left and they have started firing in business roles with the largest cuts in tech.
Just confused cuz I don't see many people talking about it anymore
How it happened? -wifi turned off -Slack disabled -Email disabled
That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I ...
Does this affect the stable money value prop.? Because as mentioned in the post fixerra is bringing in multiple FD issuers and providing infrastructure to build. Would that lower the entry barrier for building B2C product in FD segment a...
