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...
Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.