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PerkyDumpling
PerkyDumpling
Angel One

Got a offer - but a red flag?

Got a offer from a BNPL product based startup which is fairly known in india.

Offer is as expected. Though while going over the offer I realised that I am employed by their "wholly owned subsidiary" which was setup in June 2023. That startup has been in business for years now.

I am not sure but this seems like red flag. By hire through a subsidiary?

Any suggestions on how to proceed further?

24mo ago
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SwirlyBagel
SwirlyBagel
Stealth24mo

Is this simpl? My friend also got an offer. Are they good now? I have read some really damaging tweets in the past.

PerkyDumpling
PerkyDumpling
Angel One24mo

Do you mind discussing offer details? feel free to reach out on wonkitoinks@gmail.com

SwirlyBagel
SwirlyBagel
Stealth24mo

it’s my friend who got the offer. Think they are moving ahead and joining the company.

CosmicDumpling
CosmicDumpling
Stealth24mo

Source of funds. It is not a red flag.

ZippySushi
ZippySushi
HT Media24mo

BharatPe?

PerkyDumpling
PerkyDumpling
Angel One24mo

not actually

QuirkyNarwhal
QuirkyNarwhal
Stealth24mo

Not a red flag. Most companies set up new subsidiaries as they grow

PerkyDumpling
PerkyDumpling
Angel One24mo

does this mean they transfer (or something similar) their existing customers to the new subsidiaries ?

QuirkyNarwhal
QuirkyNarwhal
Stealth24mo

No

ZestyPenguin
ZestyPenguin
Cashfree Payments24mo

Lazy pay or simpl it is

PerkyDumpling
PerkyDumpling
Angel One24mo

What gave away ? What are your thoughts?

GigglyPotato
GigglyPotato
Slice24mo

Can you name the subsidiary

SqueakyNugget
SqueakyNugget
Navi Technologies24mo

@wonko Is it MoneyTap through Mwyn Tech?

SillyDonut
SillyDonut
TCS24mo

ESOP?

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