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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:)

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