A 30M USD+ funded startup just announced salary deferment for everyone above 6LPA for the next 6 months. Bridge round has collapsed.
Anonymous 3
Hey I am on Medial • 1y
Quite common, isn't it? A lot of early and even growth stage startups who were hoping to raise in 23/24 are doing this. Prime example is Dunzo. Salaries there were deferred by 6 months+. Imagine the plight.
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