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:)



Founder - Burn Inves... • 2m
Global markets have turned a bit bullish with the news of a possible Fed rate cut in September in India too I feel we might see a gap up opening tomorrow but here the big factor is company earnings and for quite some time they have not been coming ou
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Failed in Public - Day 3 Update. Yesterday was about finding the right community. Today, something unexpected happened. I woke up to 5 new beta signups for Crazzy. I don't even know which post they came from, but if you're one of them, thank you. It'
See MoreBeing uncomfortable ... • 3h
hey everyone, I hope you are taking steps to your goals📈. I'm planning to connect and make a valuable discussion with like minded individuals tomorrow(Sunday). If you have any leads regarding any meet-ups based on startups and entrepreneurship i
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