Mukund Jha
👤 SpeakerAppearances Over Time
Podcast Appearances
We were not able to raise capital.
Even though our business and unit economics became very good over time.
And of course, reflecting back, there were a lot of things we would have done differently.
But,
Generally, at least, I feel that our story is quite different.
Because we did all the hard things.
We came to the right market.
We survived for a long time.
We made a good team.
We made a good product.
We made a good brand.
We absolved.
We absolved.
The tough is done.
And...
But it happened that we were scaling very fast and we went into the dark store model.
We were spending a lot of money setting up the dark store, scaling really really fast.
And at that time our assumption was that we will keep raising more money.
We raised 200 million and we thought that we will raise more in 6 months.
And we were spending on that rate that we will quickly scale things.