FloatingHamster
FloatingHamster

GPM getting 1 Cr CTC at Cashfree?

I've heard that Cashfree payments is offering Rs. 1 Cr CTC to a group product manager with 8-10 YOE. Is is true?

If yes, what does the real job scenario look like? Work pressure? Growth? Stability?

24mo ago
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SleepyBanana
SleepyBanana

Engineering managers getting paid 1.5cr+ in Slice at similar YoE. So GPM at cash free 1 is believable

GigglyPotato
GigglyPotato
Slice24mo

Ctc or base?

FuzzySushi
FuzzySushi
Porter24mo

It’s insane if true

WigglyPancake
WigglyPancake

Why insane?

FuzzySushi
FuzzySushi
Porter24mo

Gpms at fk last I heard used to make about 70 cash. 1cr cash is high

DancingBanana
DancingBanana

There’s probably a huge esop component to it. I’ve heard cred pays 1cr+ packages of which like 60-70 L is esop

FloatingHamster
FloatingHamster

Considering ESOP value as a part of annual CTC is not a good idea IMO

SqueakyMuffin
SqueakyMuffin
Zomato24mo

My flatmate at CRED has 42L base at <3yoe.
Cred can pay whatever you can ask for.

CosmicLlama
CosmicLlama

1 cr is low. For cashfree the minimum should be atvleas 1.5cr..

FloatingHamster
FloatingHamster

How is that figure justified in terms of returns?

CosmicLlama
CosmicLlama

What returns?.. its a greed grab. If founders can rise money promising moon. .. they can throw some for the GPM too.. anyways its not like the founder is spending hard-earned money. Its Money fleèced from greedy investors.. who probably rised from HNI's benefiting from exchnage rates..

QuirkyNarwhal
QuirkyNarwhal

Why is this shocking to you?

FloatingHamster
FloatingHamster

Faced challenges while hiring. I'm not able to understand the economics of such salaries.

JumpyPotato
JumpyPotato
Cred24mo

GPM are very less in number right..
How many are you trying to hire

SqueakyMochi
SqueakyMochi

Cashfree is strapped for cash, RUN

JazzyDonut
JazzyDonut

Run away - they are at risk of shutting down

SqueakyNugget
SqueakyNugget

Weren’t there rumours around cashfree being up for sale ??

ZestyUnicorn
ZestyUnicorn

It's not true.

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