MSD was a company doing quite well a few years back. They were doing cool stuff in AI before the hype cycle, had a strong team, and were among bright startups from Chennai. But looks like (from the outside given the nature of the announcement) that they have been bought in a firesale by a Fintech co.
Ofcourse founders making it sound like it was their end goal, but does anyone know what is the news behind the scene? Has it been a good exit for the founders and the employees? Or another startup unable to live up to the hype?
And tea to spill from insiders?
Looks like the gut feeling was right as per the news grapevine.... Brutal for all employees 😑
Context - Morning Context article on Teachmint https://themorningcontext.com/internet/teachmint-is-the-latest-edtech-on-the-verge-of-a-crisis
Some excerpts from the article: Their core product is not relevant to schools in the post-pandemic world,” says ...
Forbes 30 Under 30 Scammers strike again!
According to Tracxn, Goal101 had a valuation of $50Mn in 2021 - raised 7.5Mn is total
After two years, it's getting acquired by M2P Fintech for Cash+Stock of $30Mn
Also both Goal101 and M2P Fintech have common key VC investors
News s...
A thread:
Over the last 2 months, the Chief Business Officer, Head of Marketing, and Head of Enterprise have been laid off.
CEO has surrounded himself with 3-4 Yes Men/Women who have no expertise in the respective domains tha...
