The death of Taggle and a few others to follow
In August 2010 I’d written a post on this blog saying, ”The future of Group Buying sites is still dicey in India”
From August 2010 to August 2011, nearly 100+ new deal sites sprouted out of nowhere. CEO’s of prominent digital companies are still quitting to set up their e-commerce ventures!
But the bubble had to burst. At least the ‘Group Buying’ bubble.
First to go is Taggle funded by Battery Ventures. Mahesh Murthy writes an open letter about the whole thing and it is worth a read.
A lot more will die for sure.
Don’t quit your current jobs and join random e-commerce ventures!
