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PerkyDumpling
PerkyDumpling
29mo
by
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?

29mo ago
SwirlyBagel
SwirlyBagel
Stealth
29mo

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 One
29mo

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

SwirlyBagel
SwirlyBagel
Stealth
29mo

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

CosmicDumpling
CosmicDumpling
Stealth
29mo

Source of funds. It is not a red flag.

ZippySushi
ZippySushi
HT Media
29mo

BharatPe?

PerkyDumpling
PerkyDumpling
Angel One
29mo

not actually

QuirkyNarwhal
QuirkyNarwhal
Stealth
29mo

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

PerkyDumpling
PerkyDumpling
Angel One
29mo

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

QuirkyNarwhal
QuirkyNarwhal
Stealth
29mo

No

ZestyPenguin
ZestyPenguin
Cashfree Payments
29mo

Lazy pay or simpl it is

PerkyDumpling
PerkyDumpling
Angel One
29mo

What gave away ? What are your thoughts?

GigglyPotato
GigglyPotato
Slice
29mo

Can you name the subsidiary

SqueakyNugget
SqueakyNugget
Navi Technologies
29mo

@wonko Is it MoneyTap through Mwyn Tech?

SillyDonut
SillyDonut
TCS
29mo

ESOP?

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