Rebel foods has asked their tech and product folks to move from gurgaon and bangalore to Mumbai, but they're saying 'please don't call this layoff'. Let your family take the pains of moving cities in days time, but don't call this a Layo...
Founder (Jaydeep) has taken a backseat and given a ‘mentor’ role.
3 cofounders are leaving (or forced to leave, if you believe the whispers ! ).
Multiple silent layoffs.
Massive attrition - multiple resignations every week.
Company ...
So, someone was asking this question to me on GV 2d back like eatclub is spending so much on promotions. Will they be able to sustain?
Ans In foodtech if LTV > GMV-CAC then it's fine. People order 2k-3k worth food, so 5oo is a small cac...