After closure of B2B vertical of Dealshare, will Udaan/Ninjacart/Elasticrun, etc. also close this vertical? Anyone from these companies who can share some details as to what's going on?
Udaan already screwed
Heard they might raise a down round.
Dhandha hai. Tech business nahi
Ninjacart also in bad shape, they've apparently vacated office space.
F
Does B2B E-commerce have a future in India? No one has been able to crack the business model yet and many big names have scaled back. Does anyone know a profitable company in this segment?
How risky it is to join a startup in this space?
There is big layoff 50% in reliance retail - jiomart B2B business.
Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business.
Compensation -
Asked people to resign & said to s...
Heard from a friend in reliance in a senior role - there would be 6k layoffs. Jiomart and netmeds will get impacted. ...
Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.
Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-dr...
Lets collate a list. I will start with a few guesses.
please add - lets collate a list and analyse again in 18 months.
