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MagicalHamster
MagicalHamster
Stealth

B2B network Anar shuts down

They were backed by Elevation and Accel, had raised ~$7mn Seems like getting transactions to happen was too tough, despite building a network. Getting money out of Indian SMBs, a consistently tough model.

Link to post: https://www.linkedin.com/pulse/so-long-anar-farewell-reflection-nishank-jain-oifxf?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

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18mo ago
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9 min AI interview5 questions
Round 1 by Grapevine
PerkyCupcake
PerkyCupcake
Linkedin18mo

Did the right thing đŸ«Ą

PerkyCupcake
PerkyCupcake
Linkedin18mo

Acknowledging that things aren’t working and returning capital is always the right thing to do. And it takes lots of guts.

You can still pivot with capital. But it’s like you’re forcefully doing it if your heart isn’t at the right place

SquishyQuokka
SquishyQuokka
Gojek18mo

Last time I met him, he was far too bullish on this. Speaking literally of complete domination in the consumer tech space.

BubblyTaco
BubblyTaco
Stealth18mo

normally i wouldn’t believe, but since it’s THE SALT, I trust every word

SquishyQuokka
SquishyQuokka
Gojek18mo

It is true. But building anything is the hardest especially in India so, I am impressed that they took a punt at it.

FluffyCupcake
FluffyCupcake
Amazon18mo

Worked in this space, really difficult to crack especially when distributors are too strong. A truly relationship driven segment.

Everyone tried becoming Alibaba, ended up becoming baba. Be it Udaan or Dealshare, everyone is struggling.

GoofyWalrus
GoofyWalrus
Jio18mo

Building a startup is tough....#Respect

SwirlyKoala
SwirlyKoala
EY18mo

I am one of the worst critics of what he was building but props to the man.

Starting anything meaningful is hard and executing is even harder, so respect đŸ«Ą

BouncyPotato
BouncyPotato
PayTM18mo

Had an interview with the engineering head last year. All questions were asked on scaling, how to decrease time of APIs . Not a standard question very tough questions and not satisfied with any answer.

JumpyMuffin
JumpyMuffin
Contlo18mo

I feel sad for him. Had an offer from them, but decided not to accept it.

MagicalBagel
MagicalBagel
Walmart18mo

Well written post from him

GigglySushi
GigglySushi
Stealth18mo

They were also paying very well. PM were getting 70lakh ctc

SwirlyPretzel
SwirlyPretzel
Google18mo

Feeling bad for the team now.

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