Everyone is raising questions about why startups are losing money so heavily
But on the other aspect, do people see that the sectors which are the highest loss making have become a crucial impact of our lives? Example Hospitality, Ed-Tech,Food Tech, Logistics and Ride hailing
Can we imagine our lives to go back where we were 10-12 years ago without such services?
I think the bigger game is going to be get more people to use the platform, make them high intent users and get them so used to to the platform that it becomes a necessity Hence I feel they are spending money to grab the audience and then build on it I am quite sure a lot of companies are going to fall, but that is how a the world of business behaves Would love to know thoughts
Factors:
For sure this is not best way but a good way to understand if the company is in the right direction.
As we can see only 3-5% Indian startups become profitable and rest of are still in the loss. But Cred , Zomato, Paytm and many more loss making companies are still in the market with tag of "Unicorn". Ye kaise possible ho paa rha hai.. i...
Being a founder myself I am confused about these happenings. We have companies like Wynk Music, Gaana, etc. which were quite humongous names but there sudden stop like this is making me feel queasy.
I understand few of the startups lik...
How startups like Daily object go in loss of 3cr with revenue of 84cr, even after selling product like these at 4x of market rate?
Uber , AirBnb , SWIGGY, Zomato etc are "Comission" or "Bicholia" Companies. Why do they keep losing money? They should make money even if they are to provide attractive offers to drivers/delivery guys etc
Is it because they spent too mu...
