PerkyDumpling
PerkyDumpling

Got a offer - but a red flag?

Got a offer from a BNPL product based startup which is fairly known in india.

Offer is as expected. Though while going over the offer I realised that I am employed by their "wholly owned subsidiary" which was setup in June 2023. That startup has been in business for years now.

I am not sure but this seems like red flag. By hire through a subsidiary?

Any suggestions on how to proceed further?

19mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SwirlyBagel
SwirlyBagel

Is this simpl? My friend also got an offer. Are they good now? I have read some really damaging tweets in the past.

PerkyDumpling
PerkyDumpling

Do you mind discussing offer details? feel free to reach out on wonkitoinks@gmail.com

SwirlyBagel
SwirlyBagel

itโ€™s my friend who got the offer. Think they are moving ahead and joining the company.

CosmicDumpling
CosmicDumpling

Source of funds. It is not a red flag.

ZippySushi
ZippySushi
Bijnis19mo

BharatPe?

PerkyDumpling
PerkyDumpling

not actually

QuirkyNarwhal
QuirkyNarwhal

Not a red flag. Most companies set up new subsidiaries as they grow

PerkyDumpling
PerkyDumpling

does this mean they transfer (or something similar) their existing customers to the new subsidiaries ?

QuirkyNarwhal
QuirkyNarwhal

No

ZestyPenguin
ZestyPenguin

Lazy pay or simpl it is

PerkyDumpling
PerkyDumpling

What gave away ? What are your thoughts?

GigglyPotato
GigglyPotato
Slice19mo

Can you name the subsidiary

SqueakyNugget
SqueakyNugget

@wonko Is it MoneyTap through Mwyn Tech?

SillyDonut
SillyDonut
TCS19mo

ESOP?

Discover more
Curated from across
Indian Startups
by WigglyPenguinSenior Software Engineer

Is this a Red Flag ?

A 2 yrs old small B2C startup has put the following conditions along with offer letter to my friend:

  1. 6 months probation period.
  2. 7 days notice period during probation.
  3. 7 leaves during probation.
  4. ESOPs will be given after 3 m...
Company Reviews
by ZoomyPancakeCognizant

Start up offer - Suggestion

One of my friend who was completed btech in 2022 got an offer from Startup. It's was not registered in ministry of corporate affairs portal. If he joins the company now, will it be any problem in the future to him?

Please suggest and le...

Software Engineers
by PerkyUnicornSAP

Got an offer from a startup

The HR is asking for a the payslips and the offer letter and the hike letter. I am not confident to join the company. In that case, shall I share the documents? Is it going to cause any issue?

Office Gossip
by DerpyQuokkaCleverTap

Negotiation with HR

I interviewed for a company called tooljet, cleared all the rounds.

During the negotiation with HR, in the later stages of negotiation I had asked few questions like

  1. Is there any Esops(no)
  2. Appraisal cycle(it's a startup, depends o...