ZippyKoala
ZippyKoala

MadStreetDen Acquired by M2P Fintech. Good/Bad?

https://www.thehindubusinessline.com/info-tech/m2p-fintech-acquires-ai-start-up-mad-street-den-in-undisclosed-deal/article69290492.ece

MSD was a company doing quite well a few years back. They were doing cool stuff in AI before the hype cycle, had a strong team, and were among bright startups from Chennai. But looks like (from the outside given the nature of the announcement) that they have been bought in a firesale by a Fintech co.

Ofcourse founders making it sound like it was their end goal, but does anyone know what is the news behind the scene? Has it been a good exit for the founders and the employees? Or another startup unable to live up to the hype?

And tea to spill from insiders?

2mo ago
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ZippyKoala
ZippyKoala

Looks like the gut feeling was right as per the news grapevine.... Brutal for all employees 😑

https://x.com/digbijaymishra1/status/1897204518045278357

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