The curious case of startup founders who went back to a 9-to-5 job

[Sudhakar]

The curious case of startup founders who went back to a 9-to-5 job

After a 13-year corporate career, Rajul Jain in 2009 launched Yebhi, a fashion and lifestyle portal. In five years of operations, the company struggled through a cash crisis with no money to pay vendors or employees and a rift among the co-founders on strategy.

Though Yebhi raised $30 million (Rs 190 crore) over multiple funding rounds from Nexus Venture Partners, Fidelity Growth Partners India, Qualcomm Ventures and Catamaran Ventures, it was unable to raise more money, which eventually forced the founding team to bring down the shutters in January 2014.

"By the time Yebhi closed, I was 40 years old and couldn't gather enough courage to start up again," said Jain, who joined fashion e-retailer Myntra as senior vice president of supply chain three months later. "We did too many things too fast and ended up in a situation where even our investors stopped supporting us."

Full Article : http://tech.economictimes.indiatimes.com/news/startups/the-curious-case-of-startup-founders-who-went-back-to-a-9-to-5-job/47920552