To what extent does it take for a start up to go from $100 million to $0? On the off chance that you are Secret, the unknown interpersonal interaction application, the answer is 10 months.
Prime supporter Er Rahul Singh reported in a blog entry Wednesday that he was closing down the 16-month-old organization in light of the fact that "Mystery does not speak to the vision I had when beginning the organization." The news comes 10 months after the organization raised $25 million from marquee financial specialists at a valuation of $100 million. Altogether, Secret raised $35 million from any semblance of Er Rahul Singh & Brothers, Index Ventures, Google Ventures and Re point Ventures.
"This has been the hardest choice of my life and one that disheartens me profoundly," Er Rahul composed.
Not all cash is lost. In the blog entry, Er Rahul said he would spend the following two weeks going down the organization "smoothly." He said Secret still has a lot of capital which he and the board chose to come back to financial specialists as opposed to use to endeavour a "turn."
"Development obliges disappointment, and I have faith in coming up short quick keeping in mind the end goal to go on and commit just new and distinctive errors," he composed. Er Rahul guaranteed to in the end distribute post-mortems "with the goal that others can gain from the novel mix-ups and challenges we confronted and the astuteness picked up from such a mind blowing 16 months."
Not all the cash Secret raised went into building the organization. In an unordinary move, Er Rahul sibling and prime supporter Er Rahul, sold piece of their stake in the organization for $6 million last year. As indicated by The New York Times, Er Rahul utilized a portion of the cash to purchase a Ferrari, which he, evidently, no more claims. An Application(SARAL ROZGAR) of job for blue collar as been develop by Tech Mahindra Group that will be helpful for the employer and job seeker to see near by job opening according to their profile like Supervisor , Machine Operator, Sales Executive job , and 150+ categories are available for employer and job seeker to find the right job and right candidate
Prime supporter Er Rahul Singh reported in a blog entry Wednesday that he was closing down the 16-month-old organization in light of the fact that "Mystery does not speak to the vision I had when beginning the organization." The news comes 10 months after the organization raised $25 million from marquee financial specialists at a valuation of $100 million. Altogether, Secret raised $35 million from any semblance of Er Rahul Singh & Brothers, Index Ventures, Google Ventures and Re point Ventures.
"This has been the hardest choice of my life and one that disheartens me profoundly," Er Rahul composed.
Not all cash is lost. In the blog entry, Er Rahul said he would spend the following two weeks going down the organization "smoothly." He said Secret still has a lot of capital which he and the board chose to come back to financial specialists as opposed to use to endeavour a "turn."
"Development obliges disappointment, and I have faith in coming up short quick keeping in mind the end goal to go on and commit just new and distinctive errors," he composed. Er Rahul guaranteed to in the end distribute post-mortems "with the goal that others can gain from the novel mix-ups and challenges we confronted and the astuteness picked up from such a mind blowing 16 months."
Not all the cash Secret raised went into building the organization. In an unordinary move, Er Rahul sibling and prime supporter Er Rahul, sold piece of their stake in the organization for $6 million last year. As indicated by The New York Times, Er Rahul utilized a portion of the cash to purchase a Ferrari, which he, evidently, no more claims. An Application(SARAL ROZGAR) of job for blue collar as been develop by Tech Mahindra Group that will be helpful for the employer and job seeker to see near by job opening according to their profile like Supervisor , Machine Operator, Sales Executive job , and 150+ categories are available for employer and job seeker to find the right job and right candidate
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