🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Inactive

AprameyaAI • 1y

Ever heard of Finomena? Probably not, because they fizzled out faster than a cheap firework on New Year's Eve ☠️ (Sorry for this!) Founded in 2015 by two hotshots fresh from big tech, Finomena promised small loans to India's young guns. But like a rookie sprinter facing speed from Avengers they stumbled right out of the gate. Let's break WHAT HAPPEND WRONG? 1. Flawed Credit Model: They couldn't tell a good risk from a bad one, leaving investors running! (downfall horha) 2. Capital Conundrum: As a wannabe bank without the perks, they were starved for cash faster than a college studs (notty) 3. Market Mayhem: In a sea of fintech sharks, they were the plankton. Paytm and Mobikwik? More like Goliath and Godzilla, Everyone mogged finomena! 4. Debt Disaster: They borrowed like there was no tomorrow, until tomorrow came crashing down like a ton of bricks. So, what's the moral of this FINOMENA tale? And who's next in line for the startup graveyard in India ? 🥹 Let's connect:)

1 Reply
4
Replies (1)

More like this

Recommendations from Medial

Chamarti Sreekar

Passionate about Pos... • 5m

“Market’s down.” “Why?” “China.” “What happened? Did they invade Taiwan early? Did their economy collapse?” “They made a slightly faster chatbot.”

Reply
10

HSR

May the Force be wit... • 1y

"Entrepreneurship is a marathon, not a sprint. Every ounce of effort you invest today brings you one step closer to the breakthrough of tomorrow."

Reply
4
Image Description
Image Description

Uttkarsh Singh

Learning • 5m

People saying they must collaborate to achieve the goals faster, must understand the level of game they are part of. AI will decide our future and everyone wants to be first in this chaos.

7 Replies
2
11

Comet

#freelancer • 4m

How exactly does the thinking of a rich person differ from that of a poor person? Learn to think like a business owner, not like an employee. ▪️A business owner, as a rule, always knows how to quickly make decisions and be responsible for them. ▪️

See More
Reply
2
19

Rohan Saha

Founder - Burn Inves... • 5m

Today is the expiry of Nifty; tomorrow (7th February) is the RBI decision, and on the 8th of February, the result of Delhi. It's a fully packed week.

Reply
3
Image Description

Shubham Soni

Bestowal • 1y

Based on quater 4 results of L&T the stock will likely experience a decline in value tomorrow, so grab the chance.

1 Reply
2

Zubaid Husain shah

r • 6m

Health is the foundation of a fulfilling life, for without it, even riches lose their charm. 😊 Investing in health today ensures a wealthier tomorrow. 💪

Reply
6

anant

Nothing • 7m

great day of test match coming up tomorrow india vs australia tune into star sports as australia likely to take lead n india would like to wrap quickly what a intense day it was 17 wkt fall india india india

Reply
1
Image Description

Ashutosh Mishra

Founding Member @Out... • 4m

Once, SaaS was the future. Now? It’s just a stepping stone for AI. Automation was phase one. Phase two? Replacing entire teams. Startups will scale like never before, without bloated payrolls, without inefficiencies. The best founders aren’t chasi

See More
1 Reply
3

Download the medial app to read full posts, comements and news.