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Like.com folds India operations

May 22, 2007 · Posted in Default, Entrepreneurship, India Web 2.0 

I’ve been following Like.com (formerly Riya) founder-CEO, Munjal Shah’s chronicles on his blog. He writes about the various ups and downs that they have gone through since founding the company (including completely shifting strategy). Writing about the latest hiccup, he mentions how maintaining a top talent team in Bangalore is no longer proving cost-effective. The benefit of cost arbitrage no longer prevails. As a result, they’ve decided to fold the Indian operations and bring some of the key folks to Silicon Valley, where the company is based.

Interesting development…Are other startups based in Bangalore also facing similar problems ?


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2 Responses to “Like.com folds India operations”

  1. Cool dude on May 23rd, 2007 3:03 pm

    Clovis is another name who has done the same for similar reasons. They folded india ops and moved 10 out of 50 odd personnel to Valley.

  2. Abhishek on May 28th, 2007 8:11 am

    In fact it is not only startups but even the mid-sized companies are also facing this problem. There is an acute shortage of quality people. I work with a newly setup IT company (I dont call it a startup as it’s parent company has a big financial muscle) and we are also facing similar problem. It has a lot to do with a combination of Brand popularity and the salary package.If you have one of them, you can still find people but if you dont have both, it is gonna tough. The situation has worsened in last one year and there is no way it is going to improve because the supply side still has constraints.