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Summing Up the Week for you! 1. Fundings: - Indian startup ecosystem was a low-key affair this week as compared to the previous six-day period. Between May 6 and 11, startups cumulatively raised $220.2 Mn across 21 deals, a 30% decline from last w

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Amit Kumar

Stealth • 5m

Yes funding is Overrated Startups and Business are now more focused on getting higher valuation than getting profitable they want to show I'm worth **Billion$ than I've generated **cr in profits. Even big startups like Zomato,Swiggy and Zepto are not profitable. But does valuation really matter?

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Zepto Beat Big player like Amazon, Swiggy. And also D-mart valuation.

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Swiggy laysoff 400 employees. Flipkart laysoff 1000 employees. Microsoft laysoff 1900 employees. 2024 is getting worse than 2023.

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